Web30 jul. 2024 · Indexed Cost of Acquisition = Actual Purchase Price * (Index in year of Sale / Index in Year of Purchase). If the property is purchased before 2001, then you need to … WebMultatuli Genootschap. Kunst en cultuur. The Multatuli Society promotes the work and ideas of the Dutch writer Multatuli (1820-1887). The Society is closely linked to the Multatuli House. It is involved in organizing lectures, discussion evenings and publications and is the editor of the journal Over Multatuli.
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If you wish to know how the Cost Inflation Index numbers have moved up since the Base Year of 2001, then have a look at the complete list of Cost of Inflation Index from FY2001-02 to FY2024-23 for capital gains calculation below: 1. Financial Year 2001-02: CII Number is 100 (for the Base Year) 2. Financial Year 2002 … Meer weergeven Let’s say you invested Rs 5 lakh in a good debt fund in June 2015. After 4 years, i.e. in June 2024, the value of your investment has become Rs 7 lakh. Assume you sell it at this point. So mathematically speaking, you made … Meer weergeven The answer is pretty simple. You already know inflation is always there (practically speaking). That the cost of things keeps rising. The … Meer weergeven In Budget 2024, the Finance Minister announced the shifting of the base year of the Cost Inflation Index from 1981 to 2001. So up to 31stMarch 2024, the capital gain was … Meer weergeven Web11 apr. 2024 · CBDT Notified Cost Inflation Index for Financial Year 2024-23 (AY 2024-24) is 331. The Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the … check out my murda man dance
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Web21 nov. 2024 · The formula to calculate the cost inflation index is as follows: Cost Inflation Index (CII) = CII for the year the asset was transferred or sold / CII for the year the asset was acquired or bought Suppose, you purchased an apartment for Rs.20 lakhs in Jan 2000 and sold it for Rs.35 lakhs in Jan 2009. Your profit or capital gain is Rs.15 lakhs. WebHence, the government decided to shift the base year to 2001 so that valuations can be done quickly and accurately. So, for a capital asset purchased before 1st April 2001, … Web7 jul. 2024 · CII for the year 2001-02 and 2016-17 is 100 and 264 respectively. Indexed cost of acquisition = 3,20,000 x 264/100 = Rs. … flathopper münchen