Web11 mrt. 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 … WebCost Inflation Index or CII is a tool used in the calculation of an estimated yearly increase in an asset’s price as a result of inflation. The Central Government fixes this index and …

Cost Inflation Index (CII) for FY 2024-23 - Table and Calculation

Webyou have long term capital gain you won’t be able to get benefit of indexation: 1. When an NRI earns any capital gain from the transfer of shares or debentures of an Indian company i.e. if he earns capital gain from sale of land he can use cost inflation index. 2. Cost inflation index won’t be available to anyone when the capital gain is WebYou have the LTCG tax on Rs 60,000. (Rs 1,60,000 – Rs 1,00,000) at 10%. You pay a long-term capital gains tax of Rs 6,000. (Rs 60,000@10%). Suppose you sold the 200 shares in January 2024 when the share price was Rs 1,500 per share. The total purchase value of your 200 shares in May 2024 was Rs 2,00,000. city escape is peak sonic game design

Cost Inflation Index (CII) for FY 2024-23: CBDT Notification 62/2024

Web23 jul. 2024 · Indexation of Capital Gain- practical example. Example:-Mr. Kiyaan purchased a flat in FY 2001-02 for Rs. 10 Lakh.He sells the same flat in FY 2024-18. … Web12 apr. 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 … Web12 apr. 2024 · Once the capital gains are calculated, the income tax payable on those gains is determined. When filing your income tax return (ITR) for the assessment year 2024-25, you will need to use this CII number. The CII … dictionary\u0027s nx