Mock Practice Test-6
The Central Board of Direct Taxes (CBDT) in June 2013 has specified a value for the cost inflation index of 2013-14- In this regard. Which of the statements given below is/are correct?
1- There has been a rise in the cost inflation index over the year 2012-13.
2- The cost inflation index helps in reducing the inflationary gains, thereby reducing the long-term capital gains tax payout for a taxpayer.
|C||Both 1 and 2|
|D||Neither 1 nor 2|