The Central Board of Direct Taxes (CBDT) has announced the Cost Inflation Index (CII) for the fiscal year 2023-24. 

The CII is a crucial tool for taxpayers in India to calculate gains arising from the sale of capital assets after adjusting for inflation.

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The CII is notified under the Income-tax Act, 1961 every year.

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The CII is essential for taxpayers who need to compute long-term capital gains tax accurately.

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The early notification of the CII for the current fiscal year is good news for taxpayers.

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The Cost Inflation Index (CII) is a vital tool for taxpayers in India.

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