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CBDT RAISES COST INFLATION INDEX TO EASE CAPITAL GAINS TAX BURDEN Why in the News? CBDT update: The Cost Inflation Index (CII) has been revised to 376 for FY26, up from 363 in FY25. This adjustment by the Income Tax Department aims to provide relief in capital gains taxation. Taxpayer relief: A higher CII reduces …
Read MoreWhy in the News ? The Lok Sabha has passed the Finance Bill 2025, introducing zero income tax for income up to ₹12 lakh under the new tax regime. The Bill also focuses on tariff rationalization, boosting domestic manufacturing, and supporting startups with extended benefits. Key Provisions of the Finance Bill 2025: Tax Benefits: Under …
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