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CII CALCULATION FORMULA
What is cost inflation index for LTCG tax calculation under income tax rules?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 5...- Cost Inflation Index (CII) for FY 2025-26 (AY 2026-27) notified by Income Tax Department: Know its applicability for LTCG tax calculationThe Income Tax Department has announced the Cost Inflation Index for fiscal year 2025-26. This index helps calculate long-term capital gain...
- Indexation benefit removed: What is indexation benefit on selling property, how is it calculated, what has changedIn the past, people in India had the option to use 'indexation benefit' to reduce the tax on the profit made from selling a property. This ...
- What is Cost Inflation Index (CII) for FY 2024-25, FY 2023-24 for income tax purposes?CII number for FY 2023-24, FY 2024-25: The income tax department notifies cost inflation index number for every financial year. This CII nu...
- Rent free house salary perk will be taxed differently from Sept 1: New CBDT rulesThe new rules are notified by the Central Board of Direct Taxes (CBDT) on August 18, 2023 and became effective from September 1, 2023. The ...
- Cost inflation index number for FY 2023-24 (AY 2024-25) used for LTCG calculation notified by CBDTThe income tax department has notified the cost inflation index (CII) number for the current FY. CII number is used to arrive at the inflat...
- Cost inflation index for FY 2022-23 used for LTCG calculation notifiedIn a notification dated June 15, 2022, the Central Board of Direct Taxes (CBDT) announced the cost inflation index (CII) for FY 2022-23.
- What is cost inflation index for FY 2021-22 used in LTCG calculations?This CII number will be used to arrive at long-term capital gains such as from the sale of debt mutual funds, flat etc. at the time of inco...
- CII Index: Despite high inflation, why indexation benefit impact on investments has been reducedThe low consumer inflation has led to a muted rise in CII and pared gains from indexation.
- ITR filing: How inflation can help reduce your income tax liabilityWhile high inflation is burning a hole in your pocket, there is a silver lining. High inflation also brings down your tax on long-term capi...
- Cost inflation index for FY 2020-21 used for LTCG calculation notified by finance ministryThe Cost Inflation Index (CII) for FY 2020-21 will come into force with effect from April 1, 2021, and will accordingly apply to the assess...
- Industry asks govt to pause proposed changes to definition of 'wages'India Inc has asked the government to put on hold a key proposal in the new wages code that limits employee allowances to 50% of total sala...
- Finance Ministry notifies cost inflation index for FY 2019-20 as 289This number is important as it is used to arrive at the inflation-adjusted purchasing price of assets and thereby long-term capital gains.
- Cost inflation index FY 2018-19 used for LTCG calculation notified by governmentCII number is used to compute the inflation-adjusted purchase cost of an asset in order to calculate LTCG on it when it is sold.
- Indexation helps you to save taxes on long-term debt mutual fundsMost investors forget to include the most important factor in their calculations: indexation benefit.
- Capping stent prices will halt new launches, says industryThe process may require the drug pricing watchdog to look at a set of separate parameters for these devices as compared to that for drugs.
- FY 16-17 Cost Inflation Index out: Start computing your indexed capital gainsCost Inflation index is a number used to calculate the inflation-adjusted or inflation-indexed value of a monetary number.
- No review of approved gas price formula: Oil Secretary Vivek RaeThe pricing formula will be effective from April 1, 2014 for a period of five years, with the price being revised quarterly.
- Mines ministry wants miners to share 26% of royalty with localsThe final decision on this vexed question is expected to be taken by the group of ministers on the proposed Mines and Minerals Bill 2011.
- WTO impasse over, talks to 'restart' soonIn a breakthrough at the informal ministerial hosted by India in Delhi, trade ministers from over 35 countries agreed to break the logjam i...
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