WebAug 9, 2024 · Today in this article I am providing entire list of Cost Inflation Index from Financial Year 2001-02 to Financial Year 2024-21. As per Notification No. So 3266 (E) … WebSep 13, 2024 · Now the indexed cost of acquisition will be as per the above formula i.e. Indexed Cost of Acquisition= (Rs.50 lakh/117)*272=Rs.1,16,23,931. So the Long Term Capital Gain=Selling Price-Indexed Cost of buying property=Rs.33,76,069. (Note-As per the below Cost of Inflation Index (CII), the CII rate for FY 2024-18 is 272 and for FY 2005 …
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WebJun 16, 2024 · Cost Inflation Index (CII) for FY 2024-19/ AY 2024-20 Notified by CBDT at 280 (Base Year 2001-02) In the case of transfer of short term capital asset, the amoun ... of the said Table, namely:— ... i have received from my father a property for 36000 as value during 1997. what is its indexed value during 2024-21. Reply. December 23, 2024 at … WebJul 3, 2024 · The cost of inflation index (CII) for the financial year 2024-21 has been notified by the Ministry of Finance. The ministry has set the … chips thai sweet chili
CII LTCG: Cost inflation index for FY 2024-21 used for …
WebIn terms of powers conferred under Section 48 of the Income Tax Act, the CBDT has notified the CII for the Financial Year 2024-21 by way of Notification 32/2024 dated 12th June 2024 as follows: The Cost Inflation Index for the Financial Year 2024-21 stands at 301. Let’s understand the concept of CII in reference to the computation of long ... WebApr 19, 2024 · The Finance Minister stated that CII for FY 2024-22 has been set as 317. For the previous financial year, i.e. 2024-21 CII was 301. Purpose of Cost Inflation Index: A Cost Inflation Index table is used to calculate the long term capital gains from a transfer or sale of capital assets. WebJun 13, 2024 · The Cost Inflation Index (CII) for FY 2024-21 will come into force with effect from April 1, 2024, and will accordingly apply to the … chips thai