The Income Tax Department has officially unveiled the Cost Inflation Index (CII) for the financial year 2025–26, a critical announcement poised to significantly impact taxpayers, particularly those navigating Long Term Capital Gains (LTCG) tax. This index serves as an indispensable tool, specifically designed to adjust the cost of acquiring assets […]
Tag: Cost Inflation Index
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 […]