Cii of fy 2014-15

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WebJul 1, 2024 · He sells the same in FY 2014-15 for INR 1,30,00,000. The FMV of the property on 1st April 2001 was INR 50,00,000. Calculate the Capital Gain. ... CII for 2014-15 = … WebMar 16, 2024 · In this final rule, the Department of Energy (DOE) establishes procedures for the designation of critical electric infrastructure information (CEII) under section 215A (d) …

Cost Inflation Index for Financial Year 2014-15 - TaxGuru

WebJan 27, 2024 · The Critical Infrastructure Information Act of 2002 (CII Act) seeks to facilitate greater sharing of critical infrastructure information among the owners and operators of … WebJun 11, 2014 · Notification No. 31/2014-Income Tax S.O. 1498(E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income Tax Act, 1961 (42 … simon seyfferth

Cost Inflation Index for Financial Year 2013-14 Ebizfiling

WebJun 27, 2024 · CII number for purchase year (2014-15) was 240. CII during sale year (FY 2024-22) is 317. As again, your Long term capital gains would come down to Rs. 35,833 … WebOct 18, 2012 · Cost Inflation Index (CII) 2014-15. ... The investor redeemed the investment in financial year in 2010-11, for which the cost inflation index is 711. The capital gains is Rs. 110,000 minus Rs. 100,000 i.e. Rs. 10,000. The holding period is 367 days, which is more than 1 year. Therefore, it is a long term capital gain. WebApr 18, 2016 · Reactions from various Associations on the Retrospective Effect from FY 2014-15. ... (CII) had written to the Labour Ministry on January 8, 2016 seeking a clarification to be given to allow industries to give bonus installments over the next two financial years to ease off the burden. It also demanded that the excess bonus received … simonsen tool box

CBDT notifies Cost inflation index (CII) for FY 2024-24 / AY 2024-25

Cost Inflation Index for Financial Year 2014-15 Notified

WebJun 16, 2024 · Budget 2024 has changed the base year for cost inflation index (CII) for calculating capital gains from 1981-82 to 2001-02. This would in most cases be beneficial for tax payers. The table below shows the Cost Inflation Index Table from FY 2001-02 to present financial year. WebDec 17, 2024 · (CII for the year of sale or transfer of the asset x Cost of improvement of the asset) / CII for the first year of the holding period of the asset or year 2001-02, whichever … simon serrailler tv showWebSep 13, 2024 · The cost of inflation index (CII) for the financial year 2024-20 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2024-20 as 289. For the previous FY 2024-19, CII was 280. ... CII number for purchase year (2014-15) was 240. CII during sale year (2024-20) is 289. As again, ... simon seyfarth

"WebJun 12, 2014 · CBDT has notified the Cost Inflation Index(CII) for Financial Year 2014-15. Cost Inflation is required to calculate Long term capital … " - Cii of fy 2014-15

Cii of fy 2014-15

Cost Inflation Index (CII) for FY 2024-23 - Table and …

WebJun 15, 2016 · Cost Inflation Index (CII) As per provisions of Income Tax Act, for the purpose of Long term capital gains, Indexed cost of acquisition and indexed cost of improvement are deducted from Sale value consideration. Cost Inflation index in relation to previous year means, such index as the Central Government may, with reference to 75% … 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 …

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WebSep 13, 2024 · CII number for purchase year (2014-15) was 240. CII during sale year (2024-20) is 289. As again, your Long term capital gains would come down to Rs. 59,167 (Rs … WebJul 3, 2024 · CII number for purchase year (2014-15) was 240. CII during sale year (2024-21) is 301. As again, your Long term capital gains would come down to Rs. 49,167 (Rs 3,00,000- Rs.2,50,833), you will be taxed 20% of this amount (as compared to Rs 1,00,000 without indexation) which will again, greatly reduce your tax obligations.

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 … WebCost inflation index for FY 2024-21 used for LTCG calculation notified by finance ministry. The Cost Inflation Index (CII) for FY 2024-21 will come into force with effect from April 1, 2024, and will accordingly apply to the assessment year 2024-22 and subsequent years. Take a look at all the CII numbers since 2001-02 till 2024-21.

WebJun 13, 2024 · The Cost Inflation Index (CII) for FY 2024-21 will come into force with effect from April 1, 2024, and will accordingly apply to the assessment year 2024-22 and subsequent years. Take a look at all the … WebFormula to calculate Indexed price: Indexed Price = Original Purchase Price * (CII of Year of Sale/ CII of Year of Purchase) Example. If Mr. A had purchased 10,000 units of Debt mutual fund at Rs 20 in the Financial Year 2014-15 and then sold these at Rs 32 in the Financial Year 2024-19, let us see the long-term capital gains with indexation ...

WebJun 18, 2024 · The Finance Ministry has notified 280 as the cost inflation index (CII) number for the Financial Year (FY) 2024-19. ... 2014-15: 240: 2015-16: 254: 2016-17: 264: 2024 …

Web38 rows · What is use of CII? CII is used while calculating long-term capital gains. CII for … simon sewon oh ddsWebFeb 19, 2024 · Example - Mr. Raj has purchased the property in FY 2007-08 for Rs.45 lakh and sold the same in FY 2024-18 at Rs.2 crore. Now the indexed cost of acquisition will be as per above formula i.e. Purchase Cost of the Asset X CII for the year in which the asset is sold. CII for the year in which the asset was first held by the assessee OR F.Y 2001-02 … simon sez it\\u0027s access training tutorialsWebJul 29, 2015 · The Cost Inflation Index (CII) for the Financial Year 2015-16 (applicable for the Assessment Year 2016-17) has been announced by CBDT (Central Board of Direct Taxes) at 1081. This Cost Inflation is required to calculate Long Term Capital Gain under Income Tax Act. For the Finacial Year 2014-15, CII was 1024 which was an absolute hike simon seville alvin and the chipmunksWebCost Inflation Index or CII is used for calculating an estimated yearly increase in an asset’s price as a result of inflation. ... 2014-15. 1024. 2015-16. 1081. 2016-17. 1125. New CII Table; 2009-10. 148. 2010-11. 167. 2011-12. 184. ... The new CII is crucial for assessees to calculate their long term capital gains in accordance with the ... simon sex human resourcesWebJun 13, 2014 · Cost Inflation Index (CII) for FY 2014-15 is “1024”; Trend Since 1981. The Cost Inflation Index (CII) for the Financial Year 2014-15 has been announced by CBDT … simon sez pets westfield maWebJul 11, 2014 · CA Sandeep Kanoi Income Tax Rate Chart / Income Tax Slabs as Applicable for Assessment Year 2015-16 / Financial Year 2014-15 for Individual, HUF, AOP, BOI, Partnership Firms, LLP and Companies. Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person. (i) The rates of income-tax as … simon seville as fred jonesWebOct 23, 2024 · It’s likely that investors in the property will stand to gain in most of the cases with shifting of the base year for the purpose of indexation. CBDT has notified the Cost Inflation Index (CII) for Financial … simon sez it free tutorials