WebRegulates the purchase price of an investment - Since the indexed cost of acquisition takes inflation into account, ... Here is the indexation chart from the FY 2001-02 till 2024-23 (base being 2001-02 and cost of indexation for FY 2024-23 being 331): Financial Year. Cost Inflation Index. 2001-02. 100. 2002-03. 105. 2003-04. 109. Web12 sep. 2024 · So this is the New Series of Cost Inflation Index (CII) From FY 2001-02 to FY 2024-24. You can use these CII figures to calculate the adjusted or indexed cost of acquisition which is required for the calculation of long-term capital gains (LTCG) or Long Term Capital Losses (LTCL). The Cost of Inflation Index Chart for FY 2024-24 is 348.
Cost of Inflation Index from FY 2001-02 to FY 2024-23
Web30 mei 2024 · How to calculate indexation for a house. 2 min read . Updated: 30 May 2024, 06:16 AM IST Parizad Sirwalla. Indexed cost of acquisition = cost of acquisition multiplied by the cost inflation index ... Web1 apr. 2001 · Indexed cost of acquisition or improvement calculator is a handy tool to calculate the increased cost of acquisition for the calculation of long term capital … matt scrafton blackpool
Cost Inflation Index FY 2024-22 / AY 2024-23
Web21 nov. 2024 · The Cost Inflation Index uses the CPI to calculate inflation to determine the long-term capital gains earned from the sale of an asset. The calculation of inflation … WebHence, the indexed acquisition cost = 30,00,000 X 1.48 = Rs.44,40,000. Thus, the long term capital earnings derived by subtracting the indexed acquisition cost from the sale value of the capital asset will be: 45,00,000 - 44,40,000 = Rs.60,000. By using the indexation method, the tax that will be charged is 20%. Hence, 20% X 60,000 = 12,000. Web17 mrt. 2024 · So, the index helps to save on taxes. I hope you are able to understand the indexed cost of acquisition meaning. Since I am explaining about Indexed Cost of Acquisition, I will share with you indexed cost of acquisition for fy 2024 23. The cost inflation index for the financial year 2024-21 is 301. See other financial year’s CII Value … heritage cattleman carbine