The latestCost Inflation Index (CII)for theFinancial Year FY 2024-25 and Accounting Year (AY 2025-26)has been declared and is363. More detailshere. The CII is used to notify the rate of inflation for indexation purposes in India every financial year. And for this current CIIC series, the...
It is sold in Financial year(FY) 2011 -12 for Rs 80 lakh.Then Gain would be = Rs 80 lakh – 20 lakh = Rs 60 lakhBut if CII is considered then we need to calculate cost of 20 lakh of 1995-96 in the year 2011-2012From the table Inflation index in year 1995-96 is 281 and ...