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Jun 10, 2024 · Cost Inflation Index(CII) for FY 2023-24 (AY 2024-25): Check out cost inflation index chart from 2001-02 to 2023-24. Cost Inflation index also called Capital gain index is used to calculate the indexed cost of acquisition for long-term capital gain tax.
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.
Jun 6, 2024 · Introduction. 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. To date, the CBDT has provided the CII for financial years 1981-82 to 2024-25.
Jun 21, 2024 · CII is useful in determining the long-term capital gains on the sale of property by accounting for inflation. By applying the CII, taxpayers can reduce their taxable capital gains, reflecting a more accurate, inflation-adjusted profit.
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 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.
Jun 24, 2024 · This measure allows you to accurately calculate your capital gains and the tax due on them, ensuring you don't pay more tax than necessary. Adjusting the acquisition cost for inflation reduces...
