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Cost Inflation Index – Meaning & Index from 1981-82 to 2024-25

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...

May 26, 2024 2281577 Views 319 comments Print

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 6678 Views 2 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 8916 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 54003 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 8058 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 39166 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 355 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 394 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 762 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 2141 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 537 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 3723 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 4686 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 1911 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 1671 Views 0 comment Print


Latest Notifications


CBDT notifies Cost Inflation Index for Financial Year 2024-25

Income Tax : The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), issued Notification No. 44/2024-Income-Tax on May 24, 2...

May 24, 2024 40446 Views 0 comment Print

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 31443 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 26169 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 70878 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 16525 Views 0 comment Print


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

March 6, 2009 2141 Views 0 comment Print

The merger of Reliance Pertroleum (RPL) with Reliance Industries (RIL) is the latest in a long string of amalgamations and mergers that have taken place over time in the Reliance group. As per the arrangement announced by RIL, RPL shareholders of RPL will get one share of RIL for every 16 RPL shares held by […]

Let us 'care' for Indian Income Tax Department's new slogan 'Let us Share'!

February 7, 2009 4055 Views 0 comment Print

YESTERDAY was a red-letter day for the Indian Income Tax Department. It was an important day from the taxpayers’ angle as well. If the Netizens are thinking in terms of any tax relief, then they need to take a close look at the concept of relief. A fiscal relief is certainly a welcome news even for taxmen in their capacity as taxpayers.

Satyam Computer head quits, admits doctoring books

January 7, 2009 366 Views 0 comment Print

The chairman of India’s Satyam Computer Services Ltd. quit Wednesday after admitting the company’s profits had been inflated for several years, sending shares of the software services provider plunging by more than 70 percent. The news dragged down the benchmark Sensex stock index 7.3 percent to 9,594.47. The company’s balance sheet was loaded with “fictitious” […]

WHICH ELSS FUND TO INVEST – PICK THE FUND YOURSELF EASILY

January 1, 2009 432 Views 0 comment Print

Its almost 2009 and we would have already started preparing the papers for the income tax filing for year 2008-2009 and so we will be looking for the ELSS funds to invest , I’m already getting mails from so many of you asking which ELSS fund to invest , What I have done here is […]

No plans to ban futures in more commodities – Finmin

December 24, 2008 237 Views 0 comment Print

The government said on Tuesday it has no proposal to ban futures trading in more commodities. Since the Abhijit Sen Committee could not establish any definite causal relationship between futures trading and rise in prices of commodities, there is no proposal to ban futures trading in more commodities, minister of state for finance P K Bansal said in a written reply in the Rajya Sabha.

The option to or not to avail the benefit of indexation for the computation of capital gains on the transfer of each of the long term capital asset is with the assessee

November 22, 2008 5400 Views 0 comment Print

Mohanlal N. Shah HUF v ACIT – The option to or not to avail the benefit of indexation for the computation of capital gains on the transfer of each of the long term capital asset is with the assessee as provided in section 48; it is only after computing the capital gains as per section 48, can it be aggregated by setting off the loss under section 70 and it is then that the rate of tax as provided under section 112 is applied.

Investing In Hedge Fund

November 9, 2008 906 Views 0 comment Print

Hedging means managing risk. A fund manager employs a particular hedging technique in order to mitigate a particular type of risk. For example, a market risk can be hedged against by selling a broad collection of securities short, in equal proportion to one’s long exposure or by buying put options on an index. You can hedge against interest rate, inflation, currency etc. Tools for hedging include raising cash, selling short, buying or selling options, futures, commodity and currency futures etc.

Why US Dollar, after a 5-year fall, started appreciating

September 20, 2008 153 Views 0 comment Print

From the third quarter of 2008, the dollar, which was sliding against almost all currencies, suddenly found itself on an escalator. Policy mechanics, and not market economics, explains the greenback’s rise, says S. GURUMURTHY.

No business profit on conversion of stock into asset – ITAT

September 13, 2008 400 Views 0 comment Print

ACIT vs. Bright Star Investment (ITAT Mumbai) – Where the assessee had converted stock-in-trade into investments at their book value and later sold them and offered to tax the difference between the indexed book value and the sale proceeds as capital gains and the AO took the view that the difference between the book value and the FMV on the date of conversion had to be assessed as business income, Held:

Cost Inflation Index for FY 2008-09 / AY 2009-2010

August 19, 2008 7647 Views 0 comment Print

Central Government, having regard to seventy-five per cent of the average rise in the Consumer Price Index for the Financial Year commencing from the 1st day of April, 2007 and ending on the 31st day of March, 2008 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2008 and ending on the 31st day of March, 2009

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