Cost inflation index
Querist : Anonymous
Querist : Anonymous
It can be used when the property is sold in Nov 2011. or in Financial Year 2011-12.
You have to take the CII of respective years of sales and purchases.
You can get the CII in your text book also.
If any property is sold in FY 2010-11,
CII has to be taken as 711. (AY 2011-12)
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