Work and keep learni... • 1y
Cost Inflation Index The Cost Inflation Index (CII) helps adjust the purchase price of an asset to account for inflation, making it easier to calculate capital gains tax fairly in India. The government updates the CII every year. Example: If you bought a property for ₹10 lakhs in 2005 (CII = 117) and sold it in 2023 (CII = 331), you adjust the purchase price using CII: ₹10 lakhs * (331/117) = ₹28.29 lakhs. This means, for tax purposes, your purchase price is considered ₹28.29 lakhs, reducing your taxable gain to ₹1.71 lakhs (sale price ₹30 lakhs - adjusted price ₹28.29 lakhs).
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Mitra Robot • 4m
Mutual Funds: A Closer Look at the Real Returns Many people say that mutual funds are a great investment, but have we truly calculated the real returns, considering all factors like inflation and taxes? Let me break it down with a simple example.
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Faad Network • 5m
For decades, our parents made a major mistake. They stood in lines outside banks and post offices to invest in the Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and the National Savings Scheme (NSS). PPF's 7.1% interest rate, KVP's 7.5%, and
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India's Economic Outlook Remains Robust Amid Global Challenges Tracking the Indian economy? The latest projections from the Confederation of Indian Industry (CII) offer a positive picture! India's GDP is projected to grow at 6.5% this fiscal year, de
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🚨 Breaking Tax News: The TCS Chronicles – April 2025 Edition 🚨 Brace yourselves, tax enthusiasts! The Finance Ministry has rolled out a new TCS (Tax Collection at Source) rule that's turning heads and emptying wallets. Effective April 22, 2025, ce
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Tesla is finally in India!! Elon Musk's Tesla has finalised a deal to open its very first showroom in Mumbai. The showroom is located in the Bandra Kurla Complex and covers and area of 4000 square feet on grond floor. With the charges of rent being
See MoreTrying to do better • 1m
📢 **RBI MPC Delivers "Hat-trick" Rate Cut; Shifts Stance to 'Neutral'** The Reserve Bank of India (RBI) today announced its bi-monthly monetary policy outcome, with significant decisions impacting the Indian economy. **Key Announcements & Insights
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