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Cost Inflation Index for the year 2015-16 is 1081

The Central Board of Direct Taxes has notied vide notification 60/2015 the Cost Inflation Index (CII) for the financial year 2015-16 as 1081

The CII for 2014-15 was 1024. The Board has increased the index by 5.5%.

The CII is used to factor in inflation while calculating capital gain on sale of long term capital assets. The Board has been notifying CII since 1981-82 which was 100.

CA. Roshan Thomas

#2015 #201516 #CII #costinflationindex

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