Dear frds / experts, There are 2 CII tables for calculating capital gains for land sale, old one and new one. Now which table should be used for calculating? Plz kindly advice.
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Quick Summary
This discussion addresses confusion regarding which Cost Inflation Index (CII) table to use when calculating capital gains tax on land sales. Participants are seeking advice on whether to use the old or the new table, with the consensus leaning towards using the new table which starts from 2001 with an index of 100.