Web11 apr. 2024 · Cost inflation index (CII) is required to calculate the inflation-adjusted cost of asset acquisition/ improvement for computation of long term capital gain (LTCG) of assets, this indexation can help to reduce tax liabilities on long term capital gain. CBDT has notified cost inflation index for the FY 2024-24 on 10th April 2024 vide notification ... WebCost Inflation Index (CII) For FY 2024-23. Cost Inflation Index (CII) is used for calculating the indexed cost of acquisition and indexed cost of improvement of capital assets under …
Cost Inflation Index for Financial Year 2015-16 Ebizfiling
Web14 jun. 2024 · Base Year is the first year of the Cost Inflation Index ie FY 2001-02 is 100. The index of all years is compared to the base year in order to find the increase in … Web21 sep. 1999 · Deposit × indexation factor. Balance × indexation factor. Stamp duty × indexation factor. Solicitors’ fees for purchase of property × indexation factor. Val's total cost base is $199,213, made up of: indexed costs $17,460 + $157,140 + $5,795 + $2,318 = $182,713; $1,500 solicitor’s fees for sale of property (not eligible for indexation) fosters on the docks
Cost Inflation Index for FY 2008-09 / AY 2009-2010 - TaxGuru
Web12 sep. 2024 · Let’s take another example of the use of Indexation for adjusting the Cost Price of another asset which is favourite of millions of Indians: Real Estate. Suppose you … Web13 apr. 2024 · This article shows the latest Cost Inflation Index (CII) value for FY 2024-24. A table of historical values is also ... utilising the concept of indexation. Recent articles: 1 / 3. 2 / 3 3 / 3 Join our WhatsApp community: You can stay updated on our latest content and learn about our webinars ... 2008-09: 137: 9: 2009-10: 148: 10: Web11 apr. 2024 · The income tax department has notified the cost inflation index (CII) number for the current financial year. The CII number is used to arrive at the inflation-adjusted price of an asset. The capital gains that are chargeable to income tax are lowered using the indexation benefit. fosters online