WebApr 11, 2024 · In this process, the Cost Inflation Index or CII for the Financial Year 2024-24 is notified as 348. The same was at 331 in the last year 2024-23, an increase of 5.14 per cent over the preceding financial year. ... Section 55 is further amended by Finance Act, 2024 (from the assessment year 2024-22 and onwards) to restrict the fair market value ... WebJun 15, 2024 · The Cost Inflation Index (CII) for the Financial Year (FY 2024-22) and AY 2024-23 is 317. For the previous FY 2024-21, the CII Number was 301. The CII Number …
Cost Inflation Index for FY 2024-22 – myITreturn Help Center
WebNov 13, 2024 · From FY 2024-18, the base year of cost inflation index has been changed to 2001. This means that if the capital asset was bought before 2001 then the Fair market value has to be calculated as on 2001-02, and after that, the number can be adjusted with cost inflation index. Below is the cost inflation index table with data till FY 2024-22 WebSep 24, 2024 · The base year is the Cost Inflation Index – CII. Base Year is the first year of the Cost Inflation Index, i.e. FY 2001-02 is 100. Index of all year is compared to a base year to find the increase in inflation. Latest Cost Inflation Index (CII) for FY 2024-22 / AY 2024-23. The Cost Inflation Index (CII) for AY 2024-23 / FY 2024-22 is 317. bow wow with cornrows
Cost of Inflation Index FY 2024-21 AY 2024-22 for Capital Gain
WebDec 17, 2024 · Therefore, the cost of asset acquisition = Rs. 20,20,000. CII for FY 2001-02 (base year) and 2024-18 (year in which the asset is sold) is 100 and 272 respectively. … WebJun 13, 2024 · Now the indexed cost of acquisition will be as per the above formula i.e. Indexed Cost of Acquisition= (Rs.50 lakh/117)*272=Rs.1,16,23,931. So the Long Term Capital Gain=Selling Price-Indexed Cost of buying property=Rs.33,76,069. (Note-As per the below Cost of Inflation Index (CII), the CII rate for FY 2024-18 is 272 and for FY 2005-06, … WebCII A complete BlackRock Enhanced Capital & Income Fund Inc. mutual fund overview by MarketWatch. View mutual fund news, mutual fund market and mutual fund interest rates. bowang pvc products sdn bhd