WebJun 7, 2016 · Up-to-date Table of Cost Inflation Index (CII) from FY 1980-81 to FY 2016-17. CBDT has notified “1125” as Cost Inflation Index (CII) for FY 2016-17. CII is used indexation of cost of acquisition and improvement for the purpose of computation of long term capital gains under Income Tax Act, 1961. From Assessment Year 2024-19, the … WebIncome Tax Department > Tax Utlities > Cost Inflation Index. Updated as on 30-09-2024 .
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WebSep 13, 2024 · The cost of inflation index (CII) for the financial year 2024-20 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2024-20 as 289.For the previous FY 2024-19, CII was 280. The rate of inflation for indexation purposes have been specified by the Indian Government for every financial year. WebJun 7, 2024 · But in the case of taxation, the LTCG on capital assets will be after adjusted the cost of buying to inflation or Cost of Inflation Index (CII). Hope you understood the concept and importance of Cost of Inflation Index (CII). Below is the chart showing the Cost of Inflation Index (CII) from the changed base year FY 2001-02 to FY 2024-18. impart antonym
Indexation Chart and details about Cost Inflation Index; Read
WebJun 27, 2024 · The cost of inflation index (CII) for the financial year 2024-22 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 202-22 as 317.For the previous FY 2024-21, CII value … WebDec 17, 2024 · Revision in CII. The new Cost Inflation Index chart was released in February 2008 by the Central Board of Direct Taxes. The base year was changed to 2001 from … WebLong term Capital gains after Indexation = Sales consideration - Indexed cost of acquisition. Taxes = 20% * Long term capital gains after indexation. The current base year for CII is … impart bonjour war