Cost inflation index

Tax queries 500 views 1 replies

 

Is Here Anybody know, how the government deciding this

figure of Cost Inflation Index 2012-13 - 852 ?

is there any formula or criteria for this ?

Please tell.............

Replies (1)

75% of average rise in Consumer price index for urban non manual employees for the immediately preceeding previous year is taken as inflation rate and previous year's CII is increased by this rate.


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