WebApr 19, 2024 · CII Fall 2024 Conference: Long Beach, CA. November 7, 2024 – November 8, 2024. CII-NYU Law School of Law: Corporate Governance Bootcamp. March 4, 2024 – March 6, 2024. CII Spring 2024 Conference. September 9, 2024 – September 11, 2024. CII Fall 2024 Conference: Brooklyn, NY. March 10, 2025 – March 12, 2025. CII Spring 2025 … WebThe CII for the year the apartment was sold in is 582. The cost inflation index is 582/389 = 1.49. While computing tax, CII is multiplied with the purchase price to arrive at the …
Cost Inflation Index (CII) For FY 2024-22 - IndiaFilings
WebJun 13, 2024 · Value of Asset* for the year of purchase x CII for year of sale _____ CII for year of purchase** xxx *(if the asset was purchased before base year i.e. 2001 take Fair Market Value as on the year 2001) ... Income Tax Slab & Tax Rates for FY 2024-22 (AY 2024-23) Section 234F: Penalty for Late Filing of Income Tax Return. Deductions under … WebJun 15, 2024 · CBDT has notified the Cost Inflation Index (CII) for the Financial Year 2024-22 vide Notification No. 73/2024 dated 15-06-2024. The Cost Inflation Index for the … it tech day
CII PUNE HAS A NEW ZONAL COUNCIL FOR THE YEAR 2024-22 …
WebApr 13, 2024 · As a result, the CII value on equity mutual funds could not be used to calculate LTCG/LTCL. Second, this CII number is required to calculate the LTCG for the … WebJun 16, 2024 · Every year CBDT notifies the CII data for each financial year. In this process, the Cost Inflation Index or CII for the Financial Year 2024-22 is notified as 317. The same was at 301 in the last year 2024-21, an increase of 5.32 per cent over the preceding financial year. The importance of CII or Cost Inflation Index is that this number is used ... Cost Inflation Index is used to calculate the notional increase in the value of an asset due to inflation. The importance of CII is that this number is used to arrive at the inflation-adjusted cost price of assets transferred for the purpose of computing long-term capital gains. There are two things that individuals need … See more Let’s understand the concept of CII in reference to the computation of long-term capital gains under Section 48 of the Income Tax Act, … See more The base year is the first year of the cost inflation index and has an index value of 100. Index of all other years is compared to the base year to see the increase in inflation percentage. For any capital asset purchased before the … See more Taxpayer can’t take the benefit of indexation for computing long-term capital gains arising out of the transfer of the following assets: 1. Equity shares of the company in a case where STT has been paid on the … See more Initially, 1981-82 was considered as the base year for computing CII. But, taxpayers were facing hardships in getting the properties valued which were purchased before 1st April 1981. Tax authorities were also … See more nesa services pty ltd