This blog dives into the Cost Inflation Index (CII) in India. It explains what the CII is, how it's used to calculate capital gains tax, how the new CII of 363 for FY 2024-25 impacts your taxes, and why consulting a tax advisor is crucial.

The survey, presented to Finance Minister Nirmala Sitharaman, indicated that 83% of surveyed individuals and 85% of firms reported an increased trust in the Income Tax Department.