WebThe cost inflation index value for FY 2024-23 is 331. Check New and Old Cost Inflation Index table to calculate Short term and long term capital Gain. The cost inflation index … WebThe purchase price of the asset is indexed by the cost inflation index. The formula to calculate the cost inflation index is as follows : Cost Inflation Index (CII) = Sales Amount - (Purchase Amount * (Index in year of sale / Index in year of purchase))

CII INdex: Cost inflation index for FY 2024-23 used for LTCG ...

WebJan 5, 2024 · Cost inflation index India is an index issued by the Central Board of Direct Taxes and the figures keep changing every financial year. What is cost inflation index (CII)? ... 2016-17: 264: 17: 2024-18: 272: 18: 2024-19: 280: 19: 2024-20: 289: 20: 2024-21: 301 . Suggested read: Cost Inflation Index for the financial year 2024-20. WebShe sold the house in FY 2024-18. Calculate the indexed cost of acquisition for the house. Here, Cost Inflation Index for FY 2001-02 and 2024-18 are 100 and 272, respectively (See the Cost Inflation Index Chart). Therefore, the indexed cost of acquisition for Mrs.'s house = 20,00,000 x 272/100 = Rs. 54,40,000. mervin casey

FY 16-17 Cost Inflation Index out: Start computing …

WebJun 15, 2024 · Cost Inflation index are Notified by CBDT every year and till date CBDT has notified Cost Inflation Index for the Financial Year 1981 … 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. ... When it comes to the cost inflation index, there are two factors to keep in mind. ... WebCost Inflation Index or CII is a tool used in the calculation of an estimated yearly increase in an asset’s price as a result of inflation. The Central Government fixes this index and … how swipe screen macbook