Post by: Isha Purohit in Income Tax
Cost Inflation Index (CII) for FY 2023-24 The Cost Inflation Index (CII) is vital in calculating long-term capital gains tax in India. It is designed to account for the impact of inflation on the cost of acquiring an asset, allowing…
Post by: Renu Suresh in Income Tax
Cost Inflation Index (CII) For FY 2022-23 Cost Inflation Index (CII) is used for calculating the indexed cost of acquisition and indexed cost of improvement of capital assets under Section 48 of the Income Tax Act, 1961 for the calculation…
