How is indexation calculated in income tax?

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Indexation is calculated using an index price called the Cost of Inflation Index (CII).

Mathematical Formula to calculate indexed price = Original Price of asset * (CII of Year of Sale/CII of Year of Purchase)

Topic: Indexation (Income Tax) Defenition

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What is Indexation in Income Tax?
Is indexation income tax benefit available to NRIs on their investments?
Is indexation income tax benefit available on all instruments?
Why is indexation done in income tax?
What is Cost of Inflation Index (CII)?
Who notifies the Cost of Inflation Index (CII)?

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