WebJul 3, 2024 · The cost of inflation index (CII)for the financial year 2024-21 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2024-21 as 301. For the previous FY 2024-20, CII value was 289. The rate of inflation for indexation purposes is specified by the Indian Government for every financial year. WebCII number will be required to calculate LTCG for FY 2024-22 for the assets where indexation is allowed before the levy of LTCG tax. The taxes on these gains will be paid by you while filing your income tax returns (ITR) for FY 2024-22. The CBDT Notification pertaining to Cost Inflation Index (CII) For FY 2024-22 is attached here for reference:
Cost Inflation Index for the FY 2024-23 AY 2024-24 Ebizfiling
WebJun 15, 2024 · The Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) for financial year (FY) 2024-23 through a notification dated 14 June 2024. The CII for FY2024-23 relevant to assessment year (AY) 2024-24 is 331. ... Subject heading mention the period as FY21-22 instead of FY22-23. Please correct it. Reply. Kamal Garg. 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 ... florida hospital pepin heart institute
Cost Inflation Index - The Economic Times
WebApr 19, 2024 · The Central Board of Direct Taxes every year notifies the Cost Inflation Index rate. This year the Cost Inflation Index (CII) has been notified by the Ministry of Finance. The Finance Minister stated that CII for FY 2024-22 has been set as 317. For the previous financial year, i.e. 2024-21 CII was 301. WebJun 16, 2024 · Cost Inflation Index (CII) for FY2024-23 is 331. For the previous FY 2024-22, the CII Number was 317. The CII Number for the last 5 financial years is FY2024-23 (CII is 331), FY2024-22 (CII is 317), FY2024-21 (CII is 301), FY2024-20 (CII is 289) and FY2024-19 (CII is 280). For a list of historical CII numbers since the financial year 2001-02 ... WebNov 16, 2024 · The Central Board for Direct Taxes has released the Cost Inflation Index (CII) for the Fiscal Year 2024-23 (FY) as a 331, with notice dated 14 June 2024. The Government will use this index to measure inflation. ... The CBDT has set the Cost Inflation Index for the 2024-22 financial year at 317, adjusting it from 201, which was the Cost ... florida hospital pediatric oncology