CBDT
Notified Cost Inflation Index for F Y 2016-17 is 1125
The
Government of India, Ministry of Finance (Department of Revenue), Central Board
of Direct Taxes published in the Gazette of India, Extraordinary Notification No.
42 /2016/F.No.142/5/2016-TPL dated 02-06-2016 the Cost
Inflation Index for Financial Year 2016-17 which is 1125.
The cost
of inflation index (CII) has been notified by the Central Government
every year by notification in the
Official Gazette.
The
cost of acquisition/improvement will, thus, be indexed with reference the rate
of applicable for the relevant year.
The Cost of Inflation Index is mainly used
to compute Long term capital gain.
Financial Year
|
Cost of Inflation Index (CII)
|
2016
– 17
|
1125
|
2015
– 16
|
1081
|
2014
– 15
|
1024
|
2013
– 14
|
939
|
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 – 00
|
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
|
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