WebDec 17, 2024 · Things to Know in CII Base Year. The base year works as a benchmark on which basis the CII values of all the subsequent years are calculated. It is the first year in the index with a value of 100. The CII values of the years following the base year are calculated in accordance with the increase in inflation over that of the base year. WebSep 12, 2024 · Financial Year 2014-15: CII Number is 240 Financial Year 2015-16: CII Number is 254 Financial Year 2016-17: CII Number is 264 Financial Year 2024-18: CII …
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WebApr 11, 2024 · CBDT notified CII for FY 2024-24; check CII table of 23 years. 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. WebApr 12, 2024 · Posted Date : 12-Apr-2024 , 06:20:15 am Posted By CASANSAAR. The Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) number for the current financial year 2024-24. As per the notification dated April 10, 2024, the CII number for the current fiscal is 348. This CII number will be used to calculate the capital … immigre meaning
Cost Inflation Index : CII Income Tax - Learn by Quicko
WebOct 1, 2016 · CII of year 2014-15 = 240. CII of year 2016-17 = 264. CII of year 2024-20 = 289. Indexed purchase price = (CII of the year when sale happened/CII of the year of … WebDec 2, 2024 · 2014-15: 240: 2015-16: 254: 2016-17: 264: 2024-18: 272: 2024-19: 280: 2024-20: 289: 2024-21: 301: 2024-22: 317: 2024-23: 331: How is Cost Inflation Index Useful in Reducing Tax? ... s fair market … WebThe Confederation of Indian Industry ( CII) is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895. [2] CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas. It is a membership-based organisation. [3] [4] immigration yearly