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4 days ago · 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 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 · 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.
May 26, 2024 · CBDT has notified Cost Inflation Index (CII) from 1981-82 to 2023-24. Find out the Meaning & Index of CII and its use for computing LTCG.
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.
Sep 12, 2019 · It is used to do all the Indexation calculations for the Capital Gains coming from gains received/accrued from various capital assets. So the CII number helps to calculate the Inflation-adjusted Purchasing Price of an Asset. This is what is known as the Indexed Cost of Acquisition).
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.
