{"id":339730,"date":"2023-04-11T18:50:33","date_gmt":"2023-04-11T13:20:33","guid":{"rendered":"https:\/\/nagalandpost.com\/?p=339730"},"modified":"2023-04-11T18:50:34","modified_gmt":"2023-04-11T13:20:34","slug":"centre-notifies-cost-inflation-index-for-2023-24","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2023\/04\/11\/centre-notifies-cost-inflation-index-for-2023-24\/","title":{"rendered":"Centre notifies cost inflation index for 2023-24"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, according to a notification issued by the Central Board of Direct Taxes (CBDT) on Tuesday. The income tax department notified the CII for calculating long-term capital gains which arise from sale of assets like immovable property, securities and jewellery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CII number for 2022-23 was 331 and for 2021-22 it was 317. CII is notified under the Income-tax Act, 1961 annually. It is commonly used for calculating &#8216;indexed cost of acquisition&#8217; while calculating capital gains at the time of sale of any capital asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, according to a notification issued by the Central Board of Direct Taxes (CBDT) on Tuesday. The income tax department notified the CII for calculating long-term capital gains which arise from sale of assets like immovable property, securities and jewellery. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":339731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-339730","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/339730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=339730"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/339730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media\/339731"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=339730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=339730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=339730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}