Index Number For Fy 2025 24. Cost Inflation Index For Fy 202425 Table Bill Marjie This notification shall come into force with effect from the 1st day of April, 2025 and shall accordingly apply in relation to the assessment year 2025-26 and subsequent assessment years. 44/2024-Income-Tax on May 24, 2024, detailing the Cost Inflation Index (CII) for the financial year 2024-25 i.e
Cost Inflation Index for the FY 202223 AY 202324 from ebizfiling.com
Cost Inflation index also called Capital gain index is used to calculate the indexed cost of acquisition for long-term capital gain tax The increase in CII for FY 2024-25 is only 4.31% or 15 points from 348 to 363 as compared increase of 5.136% or 17 points in the preceding year i.e
Cost Inflation Index for the FY 202223 AY 202324
The notification, effective from April 1, 2025, applies to the. The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), issued Notification No Financial Year 2023-24: CII Number is 348; Financial Year 2023-24: CII Number is 363 (You can also use this link to check these rates)
What Is Index Numbers? It's Uses, Methods, And Formulas. The ministry has issued a notification through CBDT on 24 May 2024 under notification number 44/2024. 44/2024-Income-Tax on May 24, 2024, detailing the Cost Inflation Index (CII) for the financial year 2024-25 i.e
Cost Inflation Index For Fy 202525 Table Ruths Anderson. For instance, if Rs 1,00,000 could purchase two units of goods today, tomorrow the same amount might only be able to buy one unit due to inflation. What is the Cost Inflation Index (CII) for the Financial Year (FY 2024-25) and AY 2025-26?