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Tax index number is the technique used to find out the current moneytary value of a capital asset so as to find out the difference between the sale proceeds and the value thus found out by applying the index for the purpose of charging tax on the difference. For this purpose 1981 is taken as the base year and it has been assigned an index no of 100, which is calculated on the basis of wholesale price index and the level of inflation in the economy.
What else can I help you with?
How do you calculate long term capital gain Tax for land sale in India?
To calculate long-term capital gains tax on land sales in India, first determine the sale price and the indexed cost of acquisition, which adjusts the purchase price for inflation using the Cost Inflation Index (CII) provided by the government. The long-term capital gain is the difference between the sale price and the indexed cost of acquisition. As of now, the tax rate for long-term capital gains on land is typically 20%, with the option to offset gains by claiming exemptions under sections like 54 or 54F if reinvested in specified assets. It's advisable to consult a tax professional for personalized guidance and to ensure compliance with current regulations.
Difference between Index File and Index Sequential file?
index file is organized with the help of any key as index number at rondomly but index sequencial file organized with the help of any index sequentialy rajesh patel
How do you compute the profitability index of a capital-budgeting proposal?
Dividing the present value of the annual after-tax cash flows by the cost of the project
What is the advantages and disadvantages of profitability index?
Profitability Index AdvantagesTells whether an investment increases the firm's valueConsiders all cash flows of the projectConsiders the time value of moneyConsiders the risk of future cash flows (through the cost of capital) Useful in ranking and selecting projects when capital is rationedDisadvantagesRequires an estimate of the cost of capital in order to calculate the profitability indexMay not give the correct decision when used to compare mutually exclusive projects
What is the purpose of an index journal?
The primary purpose of an index journal is to hold all the information regarding a specific item. Such as an index journal for a vehicular manual or an index journal for a book.
India's weight-age in Morgan Stanley Capital International index has been cut to percent?
4.4
From 2009 Postal Index Number of India is of how many digits?
8
How do you calculate long term capital gain Tax for land sale in India?
To calculate long-term capital gains tax on land sales in India, first determine the sale price and the indexed cost of acquisition, which adjusts the purchase price for inflation using the Cost Inflation Index (CII) provided by the government. The long-term capital gain is the difference between the sale price and the indexed cost of acquisition. As of now, the tax rate for long-term capital gains on land is typically 20%, with the option to offset gains by claiming exemptions under sections like 54 or 54F if reinvested in specified assets. It's advisable to consult a tax professional for personalized guidance and to ensure compliance with current regulations.
What do the letters in PIN stand for?
1) Personal Identification Number 2) Postal Index Number (India)
What is base year for wholesale price index number in India?
Wholesale Prices in India (Base: 2004-05=100)
What are the Various types of index used in India?
what are the various types of index in India
What is index number?
what is index number
What has the author Jennifer L Blouin written?
Jennifer L. Blouin has written: 'The impact of capital gains taxes on stock price reactions to S&P 500 inclusion' -- subject(s): Capital gains tax, Prices, Standard and Poor's 500 Stock Index, Stocks 'Did dividends increase immediately after the 2003 reduction in tax rates?' -- subject(s): Dividends, Econometric models, Taxation
What the uses of index number in index index?
uses of index
What has the author R F Fowler written?
R. F. Fowler has written: 'The depreciation of capital analytically considered' -- subject(s): Depreciation, Capital, Public utilities 'The depreciation of capital, analytically considered' 'Some problems of index number construction' -- subject(s): Index numbers (Economics) 'Duration of unempolyment on the register of wholly unemployed' -- subject(s): Unemployed
The acronym for PIN?
Its Postal Index Number and for mobile its Personal Identity Number.
How inflation measured in India?
inflation in india is measured by whole sale price index.
