Cost Inflation Index (CII) for FY 2023-24: CBDT Notification
CBDT announxces new 'Cost Inflation Index (CII)' for FY 2023-24/ AY 2024-25 at 348, up from 331 announced earlier for FY 2022-23. Know more about CII!
Tag: Capital Gains
Reduce Tax Burden: Understanding the Cost Inflation Index in India
Get a comprehensive understanding of the Cost Inflation Index (CII) in India, and learn how it impacts your capital gains tax liability. Stay updated and save on taxes today!
New IT Rule 8AD on Computation of Capital Gains from ULIPs u/s 45(1B)
CBDT has notified the Income tax (2nd Amendment) Rules, 2022 to insert new IT Rule 8AD on ‘Computation of Capital Gains from ULIPs u/s 45(1B)‘, in respect of insurance policy receipts on …
Section 54 Tax Benefit Extended to Purchase/ Construction of 2 Houses
The restriction of investment in one residential house only for claiming capital gains exemption under Section 54 of the Income Tax Act, 1961 has been partially relieved by the …