Web7 jul. 2024 · The Cost Inflation Index (CII) is used to estimate the increase in the prices of goods and assets year-by-year due to inflation. The Cost Inflation Index (CII) for the … Long-Term Capital Gain OR Cost of new asset whichever lesser: CGAS* … WebRegulates the purchase price of an investment - Since the indexed cost of acquisition takes inflation into account, ... Here is the indexation chart from the FY 2001-02 till 2024-23 (base being 2001-02 and cost of indexation for FY 2024-23 being 331): Financial Year. Cost Inflation Index. 2001-02. 100. 2002-03. 105. 2003-04. 109.
Cost Inflation Index For FY 2024-24, Index Table, Meaning …
Web15 jun. 2024 · Cost inflation index has been announced for F.Y. 2024-23 at 331 and for previous FY 2024-22 it ... You had purchased a land on 01.02.2005 for Rs. 15 lakh and you are going to sell it on 01.06.2024. So the indexed cost of acquisition for the land would be Rs ... Taxontips on TCS Rate chart under Income tax act and Due date for ... Web12 sep. 2024 · So this is the New Series of Cost Inflation Index (CII) From FY 2001-02 to FY 2024-24. 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 2024-24 is 348. clays on clay
Cost of Inflation Index from FY 2001-02 to FY 2024-23
Web16 jun. 2024 · Notification No. 62/2024, dated 14-06-2024 The Central Board of Direct Taxes (CBDT) notifies the Cost of Inflation Index (CII) every year. It is used to compute long-term capital gains/losses wherein the cost of acquisition/improvement is indexed with reference to the applicable CII of the relevant year. Web17 mrt. 2024 · So, the index helps to save on taxes. I hope you are able to understand the indexed cost of acquisition meaning. Since I am explaining about Indexed Cost of Acquisition, I will share with you indexed cost of acquisition for fy 2024 23. The cost inflation index for the financial year 2024-21 is 301. See other financial year’s CII Value … Web30 jul. 2024 · Indexed Cost of Acquisition = Actual Purchase Price * (Index in year of Sale / Index in Year of Purchase) If the property is purchased before 2001, then you … clayson country homes limited