The Income Tax Department has officially announced the Cost Inflation Index (CII) for the financial year 2025-26, setting it at ‘376’. This pivotal index serves as a fundamental mechanism for taxpayers, playing a crucial role in calculating long-term capital gains (LTCG) on the sale of various assets, thereby directly impacting […]
Tag: CII
Cost Inflation Index (CII) for FY 2025-26 (AY 2026-27) notified by Income Tax Department: Know its applicability for LTCG tax calculation
The Income Tax Department has officially announced the Cost Inflation Index (CII) for the fiscal year 2025-26, corresponding to the assessment year 2026-27. This crucial notification is a significant development for taxpayers, particularly those engaged in the sale of long-term capital assets such as real estate, equity shares, or mutual […]