WebAug 21, 2024 · CII Index / Cost Inflation Index Base Year 2001-02. This notification of CII Index shall come into force with effect from 1 st day of April, 2024 and shall accordingly apply to the assessment year 2024-19 and subsequent years. [ Read CII Index of earlier years i.e from 1981 to 2024 – CII (COST INFLATION INDEX) INCOME TAX- 1981 to … WebSep 16, 2024 · Cost Inflation Index (CII) for PY 2024-20/ AY 2024-21 Notified by CBDT at 289 (Base Year 2001-02) In the case of transfer of short term capital asset, the amount of capital gains can be arrived at by deducting the cost of acquisition/ improvement from the sale consideration. However, in the case of transfer of long term capital asset, capital ...
Cost Inflation Index FY 2024-22 / AY 2024-23 - ReLakhs.com
WebJun 13, 2014 · The Cost Inflation Index (CII) for the Financial Year 2014-15 has been announced by CBDT (Central Board of Direct Taxes) at 1024 vide Notification No. 31/2014, Dated: June 11, 2014. Now Capital Gain Index for Financial Year 2014-15 is 1024. Cost Inflation Index (CII) is a measure of inflation which is used for computing long-term … WebThe CII determines the annual reduction factor needed to ensure continuous improvement of a ship's operational carbon intensity within a specific rating level. The actual annual … bioweed organic
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WebDec 17, 2024 · Things to Know in CII Base Year. The base year works as a benchmark on which basis the CII values of all the subsequent years are calculated. It is the first year in the index with a value of 100. The CII values of the years following the base year are calculated in accordance with the increase in inflation over that of the base year. Web2014-15. 240. 2015-16. 254. 2016-17. 264. 2024-18. 272. 2024-19. 280. 2024-20. 289. 2024-21. 301. 2024-22 . 317. Indexation Factor is the CII of the year of the sale divided by the CII of the year of purchase. For example, where Mr. Sam sold his property in January, 2016 which he had purchased in May, 2014 for Rs.30 lakh. The capital gain will ... WebJun 18, 2024 · The Finance Ministry has notified 280 as the cost inflation index (CII) number for the Financial Year (FY) 2024-19. This CII number is important as it will be used to … bioweed reviews