Web13 jun. 2024 · For the Assessment Year 2024-23 & 2024-24, a local authority is taxable at 30%. Add: ( a ) Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore rupees, … Web11 apr. 2024 · Sujit Talukder Tuesday, April 11, 2024. CBDT notifies the Cost Inflation Index (CII) for the Financial Year 2024-24 vide Notification No. 21/2024 dated 10th April, 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 each financial year.
Cost Inflation Index for FY 2024-23 Notified as
Web14 jun. 2024 · Base Year is the first year of the Cost Inflation Index ie FY 2001-02 is 100. The index of all years is compared to the base year in order to find the increase in inflation. Latest Cost Inflation Index for FY 2024-23 / AY 2024-24. The Cost Inflation Index (CII) for AY 2024-24 / FY 2024-23 is 331. How indexed cost of acquisition is calculated? Web11 apr. 2024 · Sujit Talukder Tuesday, April 11, 2024. CBDT notifies the Cost Inflation Index (CII) for the Financial Year 2024-24 vide Notification No. 21/2024 dated 10th April, 2024. … small town in minecraft
Cost of Inflation Index from FY 2001-02 to FY 2024-23
WebThe cost inflation index chart also known as the cost inflation index table, uses 2001-2002 as its base year wherein the CII value is fixed at 100. A glance at the indexation … Web14 jun. 2024 · CBDT Notified Cost Inflation Index for Financial Year 2024-23 (AY 2024-24) is 331. The Government of India, Ministry of Finance … Web21 nov. 2024 · The CII for the year the apartment was sold in is 582. The cost inflation index is 582/389 = 1.49. While computing tax, CII is multiplied with the purchase price to arrive … highways walsall council