NEW COST OF INFLATION INDEX FOR CAPITAL GAIN CALCULATION UNDER SECTION 48 OF INCOME TAX ACT
Central Board of Direct Taxes has issued the Income Tax notification for new cost of inflation index for calculating Capital Gain as per section 48 of the Income Tax Act 1961. CBDT through Notification No. 44/2017/F.No.370142/11/2017-TPL has fixed the CII for Income Tax Capital gain calculation base year as 2001-02 i.e. all the assets purchased… Read More »