‘331’ notified as Cost Inflation Index for Financial Year 2022-23
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- Last Updated on 16 June, 2022
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Notification No. 62/2022, dated 14-06-2022
The Central Board of Direct Taxes (CBDT) notifies the Cost of Inflation Index (CII) every year. It is used to compute long-term capital gains/losses wherein the cost of acquisition/improvement is indexed with reference to the applicable CII of the relevant year.
The CBDT has notified ‘331’ as CII for the Financial Year 2022-23.
CII of 331 shall be used to compute long-term capital gains or losses on the capital assets which have been or are planned to be sold during the Financial Year 2022-23. The CII for the last financial year, i.e., the financial year 2021-22 was 317.
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a house purchase in january 2010 rs. 12,00,000/- and sold in september 2022 rs. 35,00,000/-
01. you may please clarify indexing price in 2022 as inflation ?
02. remaining long term capital gain amount ?