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Jun 10, 2024 · Cost Inflation index also called Capital gain index is used to calculate the indexed cost of acquisition for long-term capital gain tax. Read this article to know more about the cost inflation index who notifies it with practical examples.
Jun 6, 2024 · The Cost Inflation Index (CII) is a measure of inflation used in the computation of long-term capital gains on the sale of assets, as per Section 48 of the Income Tax Act, 1961. The Central Board of Direct Taxes (CBDT) notifies the CII annually.
3 days ago · Long-Term Capital Gains (LTCG) that exceed Rs. 1 lakh in a financial year are subject to a 10% tax rate. Gains up to Rs. 1 lakh in a financial year are exempt from taxation. Other assets ( such as real estate, land, unlisted shares, etc.): LTCG is taxed at 20% after taking the indexation benefit.
Jun 26, 2024 · Get the latest Cost Inflation Index (CII) for FY 2023-24 (AY 2024-25) with our detailed guide. Find the updated CII table, learn how to calculate indexation benefits for capital gains, and understand through practical examples.
May 26, 2024 · Article discusses Meaning of Cost Inflation Index (CII) which is used for Computation of Long Term Capital Gain. Cost Inflation index are Notified by CBDT every year and till date CBDT has notified Cost Inflation Index for the Financial Year 1981-82 to Financial year 2024-25 .
May 24, 2024 · The Cost Inflation Index is a crucial tool used in the calculation of long-term capital gains. It adjusts the purchase price of assets to account for inflation, thereby ensuring that taxpayers are taxed on their real gains rather than the nominal gains inflated by general price increases.
May 31, 2024 · The capital gains indexation calculator helps investors with long-term gains save on taxes, allows the taxpayer to inflate the purchase price of the asset by considering the impact of inflation and also calculate the taxable gain by considering the sale price.
Capital gain index calculation can be done based on the Cost inflation index made by the Indian Government. Check the details about Capital Gain Index here on Groww.
Jun 24, 2024 · T he Cost Inflation Index (CII) is a measure used by the Income Tax Department of India to account for inflation when calculating long-term capital gains on the sale of assets.
Cost Inflation Index. For long-term capital gains, indexed cost of acquisition and indexed cost of improvement is deducted instead of cost of acquisition and cost of improvement. The cost of acquisition and cost of improvement is indexed based on certain percentage of consumer price index.
