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The Economic Times
The Economic Times
Neelanjit Das

These property sellers may need to re-compute advance tax after delayed release of Cost Inflation Index for tax year 2026-27; here’s what to do

Suresh Surana Inflation CII capital gains

The Cost Inflation Index (CII) for the tax year 2026-2027 has been released almost one month after the deadline for paying advance tax for the first quarter. Cost Inflation Index matters the most especially for individual who have sold a property acquired on or before July 23, 2024, and sold it between April 1, 2026, and June 15, 2026, and want to use indexation benefits to pay a lower net tax.

The due date for advance tax for Q1 of the tax year 2026-2027 was June 15, 2026, and the Central Board of Direct Taxes (CBDT) notified CII number for the tax tear on July 16, 2026.

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