WebMay 17, 2024 · The indexed cost of acquisition of the shares would be calculated as the cost of acquisition or Cost Inflation Index (CII) of the financial year of allotment of shares x CII of the year of sale ... WebMar 8, 2024 · Calculate the taxable amount of capital gain if CII for 2014 – 15 is 1024. Security transaction tax on sale of shares has been paid. Ans: Similar to Q.N. 8. 8. During the year ended on 31st March, 2013, Mr. A sold the following assets: DU 2014. a. Shop purchased in 1985 – 86 (cost inflation index 133) for Rs. 18,000 was sold for Rs. 1 ...
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WebApr 12, 2024 · But this year's CII is notified 3 months earlier as compared to last fiscal year. Taxpayers will need this CII number at the time of filing income tax return (ITR) next year i.e., AY 2024-25. About Cost Inflation Index (CII): CII number is used to adjust the purchase price of assets on the basis of inflation. The CII number helps an individual ... Web1654 N Central City Rd , Joplin, MO 64801 is a single-family home listed for-sale at $180,000. The 2,790 sq. ft. home is a 3 bed, 3.0 bath property. View more property … cw 61a form
Central Board Of Direct Taxes Releases Cost Inflation Index For FY …
WebJul 7, 2024 · CII for the year of purchase FY 2014-15 is 240 and for the year of sale 2024-21 is 301 Case 4: Harish has purchased Sovereign Gold Bonds (SGB) in November 2015 at Rs 2,00,000. The Bonds were prematurely withdrawn (after 5 years but before maturity) … Capital Gains Tax : Any profit or gain that arises from the sale of a ‘capital asset’ is … Web1 day ago · The Central Board of Direct Taxes (CBDT) has notified the provisional cost inflation index for the Financial Year 2024-2024 or the Assessment Year 2024-2025 and … WebDec 2, 2024 · CII for the year of sale F.Y. 2024-21 = 301. Example 2: Vinita purchased a capital asset in F.Y. 1995- 96 for Rs. 3,00,000. Furthermore, FMV of the capital asset on 1st April 2001 was Rs. 4,20,000. She sold … cheap flights to slovakia from uk