Back

Sameer Patel

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).

0 replies15 likes
1

More like this

Recommendations from Medial

Image Description
Image Description

Manish M Tulasi

 • 

Mitra Robot • 2m

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.

See More
3 replies14 likes
1
Image Description
Image Description

Aditya Arora

 • 

Faad Network • 3m

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

See More
15 replies22 likes
7
Image Description
Image Description

Hiral Jain

Content writer • 1y

Greetings everyone! So in a previous post, I spoke about the tax system let's take a deep dive into it! India follows a progressive taxation system, i.e. tax is imposed on their income, but this isn't fair, especially for paid employees! It's becau

See More
13 replies14 likes
1
Image Description

Tushar Aher Patil

From Nothing to some... • 9d

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

See More
2 replies14 likes

CA Jasmeet Singh

In God We Trust, The... • 20d

🚨 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

See More
0 replies14 likes

Sanskar Chourasia

UI/UX designer • 2m

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 More
0 replies16 likes
Image Description

SHIV DIXIT

CHAIRMAN - BITEX IND... • 6m

🎯 Top 130 Most Consumed Financial Terms in business or startup World 🌎 ( Part - 2 ) 131. Bootstrapping 132. Co-Founders 133. Angel Round 134. Crowdsourced Funding 135. Strategic Alliance 136. Business Incubator 137. Accelerator 138.

See More
1 replies26 likes
19
Image Description
Image Description

SHIV DIXIT

CHAIRMAN - BITEX IND... • 6m

🎯 200 Most Consumed Financial Terms In Business And Startup World 🌍 Part ( 5 ) 801. Sustainable Competitive Advantage 802. Price Target 803. Consensus Estimate 804. Closed-End Fund 805. Open-End Fund 806. Private Placement 807. Book

See More
3 replies12 likes
10
Image Description
Image Description

Dhanush R

Student • 6m

NTPC Green Energy IPO: NTPC Green Energy, a subsidiary of NTPC, plans to raise Rs. 10,000 Crores by issuing 92.59 crore fresh shares in its IPO. The price band for shares is set between Rs. 102 to Rs. 108, with the subscription period running

See More
5 replies2 likes
Image Description
Image Description

Hawk

 • 

Medial • 3m

iPhone Users Beware: Are Apps Charging You a 'Luxury Tax'? Hey there, fellow iPhone aficionados! Ever feel like your sleek device comes with hidden costs? Well, buckle up, because it seems some apps are charging us a premium just for using iOS. Zep

See More
4 replies15 likes

Download the medial app to read full posts, comements and news.