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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.
3 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.
5 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.
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 · 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 .
3 days ago · This adjusted price is then used to calculate capital gains. Previously, long-term capital gains from selling property, gold, or other unlisted assets were taxed at 20%, but you could use indexation to reduce your taxable profit. The new rule simplifies the tax structure by setting a flat 12.5% tax rate for all long-term capital gains. However ...
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. It was a...
16 hours ago · The changes in the long-term capital gains (LTCG) tax regime, particularly the withdrawal of the indexation benefit, has emerged as one of the most contentious decisions announced in the Union Budget for 2024-25. The announcement initially led to confusion and trepidation among various sections ...
2 days ago · In this guide, we have covered important aspects related to capital gains tax, capital gains tax in India, capital assets, their calculation, the Cost Inflation Index (CII), and much more in a very lucid and comprehensive manner.
Apr 1, 2001 · 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.
