The notification for the CII for FY 2018-19 is issued on date 5 June, 2018.
CII cardinal is acclimated to compute the inflation-adjusted acquirement bulk of an asset in adjustment to account LTCG on it back it is sold. Therefore, it is important to save these numbers as you will crave them while artful LTCG for assets you will advertise in FY 2018-19.
The blueprint to account inflation-adjusted bulk amount is: (CII of the year of sale/CII for the year of purchase) * Actual bulk amount
In Budget 2017, Finance Minister Arun Jaitley appear the alive of abject year from 1981 to 2001. The afterlight was appear to abode the problems faced by taxpayers while artful basic assets tax payable on assets acquired on or afore 1981.
Also Read: How to compute basic assets
However, there are two things that individuals charge
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