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.............
CA Manish
(Job)
(5264 Points)
Replied 18 September 2012
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.