WebJun 27, 2024 · The cost of inflation index (CII) for the financial year 2024-22 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 202-22 as 317.For the previous FY 2024-21, CII … WebWhile EEXI generally applies to each ship of 400 gross tonnage and above, CII applies to ships 5,000 gross tonnage and above. Ships at or above 400 gross tonnage will need to …
CII LTCG: Cost inflation index for FY 2024-21 used for …
WebSep 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. The rate of inflation for indexation purposes have been specified by the Indian Government for every financial year. WebJun 7, 2024 · But in the case of taxation, the LTCG on capital assets will be after adjusted the cost of buying to inflation or Cost of Inflation Index (CII). Hope you understood the concept and importance of Cost of Inflation Index (CII). Below is the chart showing the Cost of Inflation Index (CII) from the changed base year FY 2001-02 to FY 2024-18. diamonds are girls best friend
Cost Inflation Index FY 2024-22 / AY 2024-23
WebOct 26, 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 Year 2008-09 at 137, with new Base Year 2001-02 (cost inflation index=100). Know CII for all years at once place here. WebMay 20, 2024 · Indexation is a process by which prices and wages partly or entirely reimbursed for adjustment in the general price level. Therefore, it is not a procedure for regulating inflation. It is the process of adjusting monetary incomes so as to reduce the excessive gains and deficits in real incomes of inflation. Its main purpose is to oversee … WebFinancial Year CII Financial Year CII 2001-02 100 2012-13 200 2002-03 105 2013-14 220 2003-04 109 2014-15 240 2004-05 113 2015-16 254 2005-06 117 2016-17 264 2006-07 122 2024-18 272 2007-08 129 2024-19 280 2008-09 137 2024-20 289 2009-10 148 2024-21 301 2010-11 167 2024-22 317 2011-12 184 Financial Year CII Financial Year CII 1981-82 … cisco meeting server