WebApr 11, 2024 · The CBDT has announced that the ‘Cost Inflation Index (CII)’ in respect of Financial Year 2024-24 (Assessment Year 2024-25) shall be 348, which has been … WebCII is a nonprofit, nonpartisan association of U.S. asset owners, primarily pension funds, state and local entities charged with investing public assets and endowments and …
Cost Inflation Index (CII) for FY 2024-23 - Table and …
WebJun 28, 2024 · What is CII for FY 2024-22? Last year on June 15, 2024, the Central Board of Direct Taxes (CBDT) has notified the CII for FY 2024-22 as 317. If an individual has sold as asset in FY 2024-22 then to know much long-term capital gains or losses has been accrued, this CII number is used. WebApr 11, 2024 · CBDT notifies Cost Inflation Index (CII) for FY 2024-24 at 348, as against CII of 331 for the preceding FY 2024-23. The CII is used for calculating ‘long term capital gains (LTCG)’ under Income Tax. CBDT announces fresh CII each year using the base year 2001-02 as equal to 100. pittsville wi map
Income Tax department notifies cost inflation index for current fiscal
WebNov 21, 2024 · The Department of Revenue said that direct tax net collections in FY 2024-23 (as on 17.09.2024) stood at Rs 7 lakh crore, compared to Rs 5.68 lakh crore in the corresponding period of FY 2024-22 ... WebJun 15, 2024 · 317″. 3. This notification shall come into force with effect from 1st day of April, 2024 and shall accordingly apply to the Assessment Year 2024-2024 and subsequent years. [Notification No. 73/2024/F.No.370142/10/2024 -TPL] KAMLESH CHANDRA VARSHNEY, Jt. Secy. (Tax Policy and Legislation) Note:- The principal notification was published in … WebApr 11, 2024 · Cost inflation index has been announced for F.Y. 2024-24 at 348 and for previous FY 2024-23 it was 331. ... (CII) for FY 2024-24 to calculate capital gain announced by Income tax Department; Tax rate for Fees for technical service and Royalty doubled in India for non-residents; pittsville va map