A specific year or quarter is usually used to calculate this. Gains on long-term capital investments are calculated in comparison to the sale consideration and an indexed cost of acquisition. An ...
Hosted on MSN16d
Understanding Long-Term Capital Gains Tax on Property and How Real Estate Developers Can AssistTo calculate LTCG Tax, one starts by determining the Sale Price, followed by the calculated indexed cost of acquisition, which involves adjusting the purchase price for inflation using the Cost ...
It applies to assets like real estate, gold, and certain financial instruments. The indexed cost of acquisition is calculated by multiplying the purchase price by the Cost Inflation Index (CII ...
CII is notified under the Income-tax Act, 1961 annually. It is commonly used for calculating 'indexed cost of acquisition' while calculating capital gains at the time of sale of any capital asset.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results