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Jul 24, 2024 · Cost Inflation Index(CII) for FY 2024-25 (AY 2025-26): Check out cost inflation index chart from 2001-02 to 2024-25. 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.
Jul 30, 2024 · Learn how to use CII to adjust the purchase price of an asset for inflation and compute long-term capital gains tax in India. Find the updated CII table from FY 2001-02 to FY 2023-24 and examples of CII calculation.
Jul 23, 2024 · Learn how to use the Cost Inflation Index (CII) to calculate long-term capital gains on the sale of assets and reduce your tax liability. See the CII table from FY 2001 to FY 2024 and the formula to adjust the acquisition cost for inflation.
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. Updated per latest Interim Budget 2024 Also updated with new CII for AY 2025-26.
- Any capital asset held by a person for a period of more than 36 months immediately preceding the date of its transfer will be treated as long-term...
- Capital gain broadly calculated as Capital gain = ( full value of consideration received on transfer) - ( cost of acquisition of capital asset + co...
- Gain arising on transfer of long-term capital asset is termed as long-term capital gain and gain arising on transfer of short-term capital asset is...
- The benefit of indexation is available only in case of long-term capital assets and is not available in case of short-term capital assets.
- Any Virtual Digital Asset (including Cryptocurrency) is generally considered as a capital asset until 2022 in India. During Budget 2022, it was ann...
May 26, 2024 · Learn how to use cost inflation index (CII) to compute long-term capital gains on sale of assets. Find the CII notified by CBDT for each financial year from 1981-82 to 2024-25.
Sep 12, 2019 · So this is the New Series of Cost Inflation Index (CII) From FY 2001-02 to FY 2024-25. You can use these CII figures to calculate the adjusted or indexed cost of acquisition which is required for the calculation of long-term capital gains (LTCG) or Long Term Capital Losses (LTCL). The Cost of Inflation Index Chart for FY 2024-25 is 363.
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Jun 21, 2024 · CII is used to estimate the yearly increase in an asset’s price due to inflation for tax purposes. Find the CII table up to FY 2024-25 and learn how to calculate the indexed cost of acquisition and capital gain using CII.
