What is Cost Inflation Index? The global economy is active and constantly changing. This shift can be seen in a decline in the purchasing power of money due to a continuous rise in the cost of goods and services. Inflation is the occurrence of a decrease in the value of money, that results in a spike in an individual's cost of living. The Cost Inflation Index (CII) is a measure used to calculate the projected yearly rise in the price of an asset due to inflation. This index is set by the Central Government and published in the official gazette to measure inflation. Section 48 of the Income Tax Act of 1961 defines this index, which is notified by the government each year
Cost Inflation Index💫
Cost Inflation Index💫
Cost Inflation Index💫
What is Cost Inflation Index? The global economy is active and constantly changing. This shift can be seen in a decline in the purchasing power of money due to a continuous rise in the cost of goods and services. Inflation is the occurrence of a decrease in the value of money, that results in a spike in an individual's cost of living. The Cost Inflation Index (CII) is a measure used to calculate the projected yearly rise in the price of an asset due to inflation. This index is set by the Central Government and published in the official gazette to measure inflation. Section 48 of the Income Tax Act of 1961 defines this index, which is notified by the government each year