WebJun 14, 2024 · cost inflation index cii chart. ... CII benefits are applied to long-term capital assets, to cost price of an asset by factoring inflations, thereby capital gain value is rationalized otherwise, the taxpayer would have to pay higher capital gain tax. ... Latest Cost Inflation Index for FY 2024-23 / AY 2024-24. The Cost Inflation Index (CII) for ... WebFeb 21, 2024 · The Mutual Fund Taxation FY 2024-23 / AY 2024-24 and applicable Capital Gain Tax Rates are as below. There is no change in Capital Gain Tax Rates from the last year. Hence, the old rates will be applicable for FY 2024-23 also. Note -Surcharge @ 15%, is applicable where the income of Individual/HUF unit holders exceeds Rs. 1 crore.
Cost Inflation Index For FY 2024-24, Index Table, Meaning …
Weblong term capital gain index for fy 2024-23. ... long term capital gains 2024 table. long term capital gains real estate 2024. long term capital gain tax ay 2024-24. long term capital gain rates 2024. capital gain index ay 2024-24. long term capital gain rates 2024. ... long term capital gain indexation chart 2024 WebApr 11, 2024 · Cost inflation index (CII) is used in Income Tax to give inflation effect to cost for long term capital asset purchased before 1 or 2 or 3 years in different situations and depending on the type of capital asset and as we know with time and inflation value of goods increases, and thus to save people from getting taxed because of increase in ... bappeda dan litbangda kabupaten magelang
‘331’ notified as Cost Inflation Index for Financial Year 2024-23
WebThe cost inflation index is 582/389 = 1.49. While computing tax, CII is multiplied with the purchase price to arrive at the indexed cost of acquisition. This is the actual cost of the asset. Therefore, the indexed cost of acquisition = 20,00,000 X 1.49 = Rs.29,92,288. The long term capital gain= sale value of the asset- indexed cost of ... WebApr 19, 2024 · Indexation for capital gains. In other words, indexation is a technique that takes into account inflation from the time the asset was bought to the time it was sold. ... Indexation Chart For FY 2024-19 : 280 Indexation Chart For FY 2024-20 : 289 Indexation Value for FY 2024-21 : 301 Source: Income Tax Website, GoI. ... March 22, … WebApr 10, 2024 · 1) Ensure that you have MS Office 2010 or later to get this CG calculator working. (Macros should be enabled) 2) It is a simple calculator, by seeing it anyone can fairly understand it. 3) Insert the scrip name date of purchase and date of sale and respective amounts, it will automatically calculate the stock and STCG/LTCG and also … bappeda bali