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Friday, December 22, 2017
Monday, December 18, 2017
Cost Inflation Index base year has shifted. You may be in for windfall tax gains
[Updated : 09-Nov-2018]
Cost Inflation Index(CII) now has a new Base Year. In a seemingly silent move that is likely to immensely impact your taxation on long term capital gains from real estate, bonds, gold and debt based mutual funds, the base year for Cost Inflation Index(CII) has been shifted from 1981 to 2001. Understand more about CII and how this change in base year impacts your future potential gains and taxes thereof.
Cost Inflation Index(CII) now has a new Base Year. In a seemingly silent move that is likely to immensely impact your taxation on long term capital gains from real estate, bonds, gold and debt based mutual funds, the base year for Cost Inflation Index(CII) has been shifted from 1981 to 2001. Understand more about CII and how this change in base year impacts your future potential gains and taxes thereof.