6 Jan 2020 Capital gains or loss is calculated as the difference between the sale more than ₹30 lakh, will I have to pay long-term capital gains (LTCG) tax? it is assumed that the property was acquired in financial year (FY) 2010-11. 13 Sep 2019 Cost inflation index has been revised for financial year 2017-18 and subsequent years. CII is used while calculating long-term capital gains. 3 Jan 2019 What is Cost Inflation Index (CII) ? CII is a measure of inflation that is used for computing Long Term Capital Gains (LTCG) on the sale 5 Feb 2020 From FY 2018-19 the norm of 36 months has been reduced to 24 Long-term capital gains = Selling price - indexed cost = 30,00,000 - 21 Financial Year, Assessment Year, CII Number. 2001-2002, 2002-2003, 100. 2002-2003, 2003-2004, 105. 2003- Capital gain tax,Types of capital gain,Types of Capital Asset,Long Term Capital No Dividend Distribution Tax (DDT) to be paid by Companies from FY 2020-21. To calculate indexation, Cost Inflation Index (CII) is used to account for the
16 Sep 2019 Cost Inflation Index (CII) for PY 2019-20/ AY 2020-21 Notified by CBDT at 289 ( Base Year 2001-02) In the case of transfer of short term capital
8 Jun 2017 Base year for Cost inflation index has been changed by the CBDT inflation and is used in the computation of long-term capital gains w.r.t the sale of assets. The New Cost Inflation Index for financial year 2017-18 is 272. 3 Feb 2017 If the purchase was made say, in FY 1988-89. The pre-budget rule would be to inflate the purchase price using the cost inflation index with 1981 29 May 2018 Calculating capital gains tax on property sale in India. This adjustment is made using Cost inflation Index given by the IT department. This was pretty much about the Long Term Capital Gain on tax sale of the property. The tax liability of Mr. X according to the slab rates applicable for FY 2017-18 will 9 Nov 2017 While calculating long-term Capital gains tax government has allowed Now from FY 2017-18, the base year of cost inflation index has been
9 Mar 2020 Cost Inflation index also called Capital gain index is used to calculate the indexed cost of acquisition for long-term capital gain tax. Read this article to know Financial Year, Cost Inflation Index (CII). 2001-02 (Base year), 100.
3 Jan 2019 What is Cost Inflation Index (CII) ? CII is a measure of inflation that is used for computing Long Term Capital Gains (LTCG) on the sale 5 Feb 2020 From FY 2018-19 the norm of 36 months has been reduced to 24 Long-term capital gains = Selling price - indexed cost = 30,00,000 - 21
9 Nov 2017 While calculating long-term Capital gains tax government has allowed Now from FY 2017-18, the base year of cost inflation index has been
13 Sep 2019 Otherwise, the gain will be Short-Term Capital Gains. For Mutual Funds and ETFs , this period is 1 year. The tax rate of Long-Term Capital Gains is short term. Cost inflation index of the year of improvement. The Central Government has notified the following Cost Inflation Indexes:- Sl. No. Financial Year. NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :- Sl. No. Financial Year, Cost Inflation Index. 6 Jan 2020 Capital gains or loss is calculated as the difference between the sale more than ₹30 lakh, will I have to pay long-term capital gains (LTCG) tax? it is assumed that the property was acquired in financial year (FY) 2010-11. 13 Sep 2019 Cost inflation index has been revised for financial year 2017-18 and subsequent years. CII is used while calculating long-term capital gains.
Changes in respect of Long Term Capital Gain in respect of FY 2018-19 ( AY 2019-20). Introduction. With Union Budget 2018, Hon’ble Finance Minister Arun Jaitley has sought to rationalize long-term capital gains (LTCG) from listed equity shares, units of quits of equity oriented mutual funds and units of business trust.. Current Scenario: “With the reforms introduced by the government and
Long-term capital gains tax is a tax applied to assets held for more than a year. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. Also, if you hold the immovable property for 2 years and then sell it, the gains from the sale of land or building will qualify as long-term capital gains. CBDT New Cost Inflation Index FY 2019-20 and AY 2020-21. CBDT new cost inflation index for FY 2018-19 and AY 2019-20 is 280. Cost of Inflation Index FY 2019-20 AY 2020-21 for Capital Gain Below is the complete list of Cost of Inflation Index FY 2019-20 AY 2020-21 from new base year FY 2001-02 to FY 2019-20. This notification will come into force with effect from 1st day of April 2019 and will accordingly apply to the Assessment Year 2019-20 and subsequent years. Cost Inflation Index (CII) for PY 2019-20/ AY 2020-21 Notified by CBDT at 289 (Base Year 2001-02) In the case of transfer of short term capital asset, the amount of capital gains can be arrived at by deducting the cost of acquisition/ improvement from the sale consideration. CII is a measure of inflation, used to calculate long-term capital gains from sale of capital assets. Capital gains is the profit that you make from selling an asset, which can be real estate, jewellery, stock, etc. The entire process - where the capital asset’s cost price is adjusted with the effect of inflation using the cost inflation index number - is referred to as indexation.