Cii For Fy 2024-24. Indexed cost is arrived at when. By indexing the cost of acquisition and improvement, the cii reduces the tax liability by considering the erosion in the asset’s value over time due to inflation.
Cost of acquisition * (cii of the year in which units are sold/cii of the year in which units are purchased) = (rs 1,00,000)*(289/264) = rs 1,09,470. Finance minister nirmala sitharaman said the revised estimate of the fiscal deficit for fy24 stands at 5.8.
For The Period From 01.04.2023 To 31.03.2024 Have Been Presented In Tabular Form Along With.
The central board of direct taxes (cbdt) has notified the cost inflation index (cii) for financial year (fy) 2023 through a notification on 14 june 2022.
Indexed Cost Is Arrived At When.
Finance minister nirmala sitharaman said the revised estimate of the fiscal deficit for fy24 stands at 5.8.
By Indexing The Cost Of Acquisition And Improvement, The Cii Reduces The Tax Liability By Considering The Erosion In The Asset’s Value Over Time Due To Inflation.
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By Indexing The Cost Of Acquisition And Improvement, The Cii Reduces The Tax Liability By Considering The Erosion In The Asset’s Value Over Time Due To Inflation.
Feb 1, 2024 14:25 ist.
Indexed Cost Is Arrived At When.
For the period from 01.04.2023 to 31.03.2024 have been presented in tabular form along with.
Cii Of The Year Of Sale Is The Cost Inflation Index For The Year In Which The Asset Is Sold.