Cost Inflation Index for Long Term Capital Gains (Income Tax)

Cost of Inflation Index-CII

Benefits of Cost Inflation Index Table Cost Inflation Index Table will act as a quick guide to find long-term capital gains on the properties. We account for Long-Term Capital Assets at cost price in books. Even though the Market Value of the Assets is going up, the assets are not revalued every year. At the … Read more

Selling Property? Top Three Different Options to Avoid tax on long-term capital gains

Congratulations on your Sale of Capital Assets:Most people invest money in capital assets for good returns and asset creation. Let’s first understand the meaning of capital assets under Income tax. Capital assets include all kinds of properties whether movable or immovable, tangible or intangible, related to business or not. It excludes inventory and movable property … Read more