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    Jun 14, 2014

    Cost inflation index for financial year 2014-15

    Cost inflation index for the financial year 2014-15 is notified by income tax department. Cost inflation index is very useful to calculate long term capital gains as it saves a lot of amount of tax. Every year income tax department notifies Cost inflation index CII. Income tax department issued notification no. 31 dated 11 June 2014 to issued CII. Full notification and cost inflation index for the last 34 years are as follows.

    S.O.1498(E) In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (42 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the Gazette of India, Extraordinary, vide number S.O.709(E), dated the20th
    August,1998, namely:-

    2.In the said notification, in the Table, after serial number 33 and the entries relating the following serial number and entries shall be inserted, namely:

    S. no.       Financial year       Cost Inflation Index (CII)
    34              2014-15                    1024


    Financial Year
    Cost Inflation index(CII)
    2014-15
    1024
    2013-14
    939
    2012-13
    852
    2011-12
    785
    2010-11
    711
    2009-10
    632
    2008-09
    582
    2007-08
    551
    2006-07
    519
    2005-06
    497
    2004-05
    480
    2003-04
    463
    2002-03
    447
    2001-02
    426
    2000-01
    406
    1999-2000
    389
    1998-99
    351
    1997-98
    331
    1996-97
    305
    1995-96
    281
    1994-95
    259
    1993-94
    244
    1992-93
    223
    1991-92
    199
    1990-91
    182
    1989-90
    172
    1988-89
    161
    1987-88
    150
    1986-87
    140
    1985-86
    133
    1984-85
    125
    1983-84
    116
    1982-83
    109
    1981-82
    100
    Tags-cii for fy 2014-15,cost inflation index for fy 2014-15,cii 2014-15,cost inflation index 2014-15,cost inflation index fy 2014-15,cost inflation index 14-15,cii 2015-16,cii 2013-14,cost inflation index of all years,cost inflation index fy 2014-15

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