Follow Us :

indexation

Latest Articles


Section 48: Indexed Cost of Acquisition in case of instalments purchase

Income Tax : Learn how to calculate period of holding and indexed cost of acquisition for property acquired through allotment letters or sale a...

September 17, 2023 5352 Views 2 comments Print

Cost Inflation Index – Meaning & Index from 1981-82 to 2023-24

Income Tax : CBDT has notified Cost Inflation Index (CII) from 1981-82 to 2023-24. Find out the Meaning & Index of CII and its use for computin...

March 11, 2023 2255255 Views 317 comments Print

Capital Gain Tax on Sale of Properties

Income Tax : Explore the complexities of Capital Gain Tax on the sale of properties. Learn about Long Term Capital Gain (LTCG), Short Term Capi...

December 17, 2022 8655 Views 0 comment Print

Section 55 | Income Tax Act, 1961 | Acquisition & Improvement Cost

Income Tax : Short Notes on Section 55 of Income tax act 1961. (Opting for benefit of Section 55 ) 1. Cost of acquisition of capital assets bec...

May 5, 2021 52701 Views 5 comments Print

Why returns of index funds vary from its index & Other similar funds

Finance : Index Mutual Funds invests in stocks resembling underlying indexes. For example, a Nifty 50 index fund invests in stocks in the sa...

January 10, 2021 7881 Views 0 comment Print


Latest News


Cost Inflation Indexed Cost Calculator

Income Tax : Calculate Long term capital gain on sale of capital Assets other then shares with the help of Indexation.- We have given below the...

November 20, 2011 38320 Views 9 comments Print

Foreign Foreign companies or individuals, including FII can enjoy lower capital gain tax

Income Tax : According to a recent decision of the Mumbai bench of the Income Tax Apellate Tribunal, non-resident companies and individuals are...

November 16, 2009 352 Views 0 comment Print

Foreign companies can also claim benefit of lower Rate of Tax on Capital Gain from securities transaction

Income Tax : Foreign companies cannot be discriminated vis-a-vis Indian firms so far as capital gains tax on securities transaction is concerne...

August 12, 2009 379 Views 0 comment Print

Sensex given vote of Support to Congress, Hit two upper circuits in one day

Finance : Markets have stopped trading for the day as the benchmarks hit another upper circuit Monday as soon as the trade resumed after 2 ...

May 18, 2009 738 Views 0 comment Print

Merger of RIL & RPL will be tax neutral for RPL Shareholders

Finance : The merger of Reliance Pertroleum (RPL) with Reliance Industries (RIL) is the latest in a long string of amalgamations and mergers...

March 6, 2009 2108 Views 0 comment Print


Latest Judiciary


ITAT Bound by Jurisdictional HC Precedent on Inherited Property Indexation Base Year

Income Tax : ITAT Chennai dismisses the revenue's appeal in Easwari Sukanya Krishnan Vs. ITO, upholding the indexation benefit as per the juris...

July 26, 2023 522 Views 0 comment Print

Property from ‘Will’ eligible for cost indexation from first owner’s acquisition date

Income Tax : Mumbai ITAT holds that while computing capital gains arising on transfer of a capital asset received by the Assessee under a will,...

March 23, 2023 3654 Views 0 comment Print

Year of Indexation & Cost of Acquisition in case of bequeathed Property

Income Tax : Rohan Developers Pvt. Ltd. Vs ITO (Bombay High Court) According to petitioner, under Section 49(1)(ii) of the Act, cost of acquisi...

February 25, 2022 4566 Views 0 comment Print

Indexation benefit allowable till the year of assessment of capital gain

Income Tax : Global Health Private Limited Vs DCIT (ITAT Delhi) A plain reading of section 45(2) makes it amply clear that it is the prerogativ...

June 30, 2021 1866 Views 0 comment Print

Indexed Long-Term Capital Loss from Sale of Government Securities allowable

Income Tax : Peerless General Finance & Investment Company Limited Vs DCIT (ITAT Kolkata) It is observed that the issue relating to the ass...

March 19, 2021 1659 Views 0 comment Print


Latest Notifications


Cost Inflation Index for Financial Year 2020-21- CBDT Notifies

Income Tax : CBDT notifies Income Tax Cost Inflation Index for Financial Year 2020-21 or Assessment Year 2021-22 vide  Notification No. 32/202...

June 12, 2020 31407 Views 0 comment Print

CBDT notifies Cost Inflation Index for Financial Year 2019-20

Income Tax : CBDT notifies Cost Inflation Index for Financial Year 2019-20 vide Notification No. 63/2019 dated 12th September, 2019. Cost Infla...

September 12, 2019 26121 Views 2 comments Print

CBDT notifies Cost Inflation indexes with Base Year as 2001-02

Income Tax : CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to...

June 5, 2017 70434 Views 13 comments Print

CBDT notifies Cost Inflation Index for Financial Year 2016-17

Income Tax : CBDT has notified Cost Inflation Index for Financial Year 2016-17 / Assessment Year 2017-18 at 1125 . Cost Inflation Index for Fin...

June 2, 2016 16507 Views 0 comment Print

CBDT notifies Cost Inflation Index for Financial Year 2015-16

Income Tax : Notification No. 60/2015 - Income Tax S.O. (E) – In exercise of the powers conferred by clause(v) of the Explanation to secti...

July 24, 2015 22201 Views 0 comment Print


Latest Posts in indexation

Section 48: Indexed Cost of Acquisition in case of instalments purchase

September 17, 2023 5352 Views 2 comments Print

Learn how to calculate period of holding and indexed cost of acquisition for property acquired through allotment letters or sale agreements under Section 48 of Income Tax Act.

ITAT Bound by Jurisdictional HC Precedent on Inherited Property Indexation Base Year

July 26, 2023 522 Views 0 comment Print

ITAT Chennai dismisses the revenue’s appeal in Easwari Sukanya Krishnan Vs. ITO, upholding the indexation benefit as per the jurisdictional High Court’s binding judicial precedent.

Property from ‘Will’ eligible for cost indexation from first owner’s acquisition date

March 23, 2023 3654 Views 0 comment Print

Mumbai ITAT holds that while computing capital gains arising on transfer of a capital asset received by the Assessee under a will, the indexed cost of acquisition has to be computed with respect to the year in which the first owner held the asset

Cost Inflation Index – Meaning & Index from 1981-82 to 2023-24

March 11, 2023 2255255 Views 317 comments Print

CBDT has notified Cost Inflation Index (CII) from 1981-82 to 2023-24. Find out the Meaning & Index of CII and its use for computing LTCG.

Capital Gain Tax on Sale of Properties

December 17, 2022 8655 Views 0 comment Print

Explore the complexities of Capital Gain Tax on the sale of properties. Learn about Long Term Capital Gain (LTCG), Short Term Capital Gain (STCG), and exemptions under Income Tax Act, 1961. Understand the significance of indexation, Cost Inflation Index (CII), and conditions for claiming exemptions like Section 54. Discover how tax implications can be reduced through proper planning and adherence to statutory requirements.

Year of Indexation & Cost of Acquisition in case of bequeathed Property

February 25, 2022 4566 Views 0 comment Print

Rohan Developers Pvt. Ltd. Vs ITO (Bombay High Court) According to petitioner, under Section 49(1)(ii) of the Act, cost of acquisition of the said property in the hands of seller is deemed to be the cost for which the said property was acquired by late Mrs. Dolly Jehangir Gazdar. It is also petitioner’s case that […]

Indexation benefit allowable till the year of assessment of capital gain

June 30, 2021 1866 Views 0 comment Print

Global Health Private Limited Vs DCIT (ITAT Delhi) A plain reading of section 45(2) makes it amply clear that it is the prerogative of the assessee to covert the capital asset to stock. Further, the term ‘Business carried on by him’ necessarily means that the capital asset so converted must form part of stockin-trade of […]

Section 55 | Income Tax Act, 1961 | Acquisition & Improvement Cost

May 5, 2021 52701 Views 5 comments Print

Short Notes on Section 55 of Income tax act 1961. (Opting for benefit of Section 55 ) 1. Cost of acquisition of capital assets becoming property of the assessee before 01.04.1981/01.04.2001. Where the capital assets has become property of the assessee before 01.04.1981, then the cost of acquisition of such an asset will be the […]

Indexed Long-Term Capital Loss from Sale of Government Securities allowable

March 19, 2021 1659 Views 0 comment Print

Peerless General Finance & Investment Company Limited Vs DCIT (ITAT Kolkata) It is observed that the issue relating to the assessee’s claim for Long-Term Capital Loss arising from the sale of Government Securities by applying the Cost Inflation Index was disallowed by the Assessing Officer in the assessment completed under section 143(3). However, the set […]

Why returns of index funds vary from its index & Other similar funds

January 10, 2021 7881 Views 0 comment Print

Index Mutual Funds invests in stocks resembling underlying indexes. For example, a Nifty 50 index fund invests in stocks in the same proportion of its underlying index. Here one may conclude that returns of all index funds underlying the same index should be the same.