What is Cost Inflation Index?

Neethi V. Kannanth , Last updated: 18 June 2021  
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According to clause v of section 48 of the Income Tax Act 1961, Cost Inflation Index means an index as notified by the Central Government in the Official Gazette, having regard to seventy-five percent of average rise in the Consumer Price Index(urban) for the immediately preceding previous year to s

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Neethi V. Kannanth
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Category Income Tax   Report

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