WebMay 4, 2024 · Cost Inflation Index (CII) ... CII from FY 2001-02 to FY 2024-21. Section 55 of the IT Act was amended through the Finance Act 2024, to establish that the cost of purchase of an asset acquired before April 1, 2001 will be allowed to be taken as the fair market value and the cost of improvement will include only those capital expenses which … WebApr 11, 2024 · The Cost Inflation Index for the FY 2024-24 relevant to AY 2024-25 is 348 for the purpose of computing capital gains. Every year CBDT notifies the CII data for …
Cost Inflation Index fy 2024-24: Basic Understanding
WebSep 13, 2024 · The cost of inflation index (CII) for the financial year 2024-20 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2024-20 as 289.For the previous FY 2024-19, CII was 280. The rate of inflation for indexation purposes have been specified by the Indian Government for every financial year. WebJun 15, 2024 · CBDT notifies the Cost Inflation Index(CII) for Financial Year 2024-2024 vide Notification No. 73/2024 dated 15th June, 2024. ... Not Possible to file IT Return for FY-2024-21, and issue of COI for FY-2024-22 I want to know who assign contract for New Portal of IT to Infosys...Why not see the Past Performance of Infosys in GST and MCA … jess michaels osteopath
TAX Updates on LinkedIn: Cost inflation index number for FY 2024 …
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. Indexed cost of acquisition has been explained in section 48 as “an amount which bears to the cost of acquisition the same proportion as Cost Inflation Index for the year in which the asset is transferred bears to the Cost Inflation … WebApr 11, 2024 · For the current fiscal 2024-24 the central board of direct taxes (CBDT) has shared the cost inflation index (CII), which is at 348, and is relevant to AY 2024-25. WebJun 15, 2024 · CBDT notifies ‘317’ as Cost inflation index for Financial Year 2024-22 / Assessment Year 2024-23 vide Notification No. 73/2024-Income Tax Dated: 15th June, 2024. ... Over 5% rise from FY 20-21 CII…Reflecting the high Inflation rise in the year gone by due to various factors including lockdown. Reply. June 15, 2024 at 11:01 pm Cancel … jess michaels books a matter of sin