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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.
2 days ago · 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.
4 days ago · 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.
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.
May 26, 2024 · Capital gain, as you know, arises when the net sale consideration of a capital asset is more than the cost. Since “cost of acquisition” is historical, the concept of indexed cost allows the taxpayer to factor in the impact of inflation on cost.
Dec 15, 2022 · Capital Gain Index - Chart Table, Calculation, & Interest Rates. With rising product costs, money's purchasing power—the number of products one unit of currency can buy—decreases with time. If two units of a good could be purchased for Rs 300 today, inflation may make only one unit possible for Rs 300 tomorrow.
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.
INDEX COST OF ACQUISITION is a benefit provided to the assessee on gains on long-term capital assets. By indexing the cost, inflation adjustment is done by which cost is increased, which results in lower capital gain tax.
1 day ago · Capital Gains Tax: Any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. This gain is charged to tax in the year in which the transfer of the capital asset takes place. Know about LTCG and STCG assets, calculation, exemption & how to save tax on agricultural land.
