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What is CII (Cost Inflation Index)?

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Ishita Ramani Ishita Ramani
Answered on April 06,2022

Long-term capital gains on the sale of capital assets are calculated using the CII. The profit you make from selling an asset, such as real estate, jewelry, or shares, is known as capital gains. Indexation refers to the process of adjusting the cost price of a capital asset to account for inflation using the cost inflation index number.

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