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    Jul 30, 2015

    Cost inflation index for financial year 2015-16

    The Income tax department has notified cost inflation index(CII) for the financial year 2015-16. Cost inflation index is the calculation tool with which capital gain of sale of assets is calculated. CBDT issued a notification no. 60/2015 dated 24 July 2015 about cost inflation index for financial year 2015-16. Cost inflation index for financial year 2015-16 and the previous Cost inflation index of 34 years are as follows.

    S.O. 2031 (E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments 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 the 20th August, 1998, namely:- 2. In the said notification, in the Table, after serial number 34 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- 
    Sl. No. Financial Year Cost Inflation Index
    (1)           (2)                           (3)
     “35        2015-16                   1081”.

    Financial Year
    Cost Inflation index(CII)
    2015-16
    1081
    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-cost inflation index 2015-16,cii 2015-16 cost inflation index 2015-16,cost inflation index financial year 2015-16,cost inflation index fy 2015-16,cost inflation index ay 2015-16,cost inflation index analysis year 2016-17

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