{"id":132379,"date":"2023-04-12T12:24:11","date_gmt":"2023-04-12T06:54:11","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=132379"},"modified":"2023-04-12T12:24:12","modified_gmt":"2023-04-12T06:54:12","slug":"i-t-dept-notifies-cost-inflation-index-for-current-fiscal","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/i-t-dept-notifies-cost-inflation-index-for-current-fiscal\/","title":{"rendered":"I-T dept notifies Cost Inflation Index for current fiscal"},"content":{"rendered":"\n<p><strong>I-T dept notifies Cost Inflation Index for current fiscal: <\/strong>The\u00a0Income Tax Department\u00a0has notified the\u00a0Cost Inflation Index (CII)\u00a0for the current fiscal beginning April 2023,\u00a0for calculating long-term capital gains arising from the sale of immovable property, securities, and jewelry.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><br><br>CII is&nbsp;used by taxpayers to compute gains arising out of the sale of capital assets&nbsp;after adjusting for inflation. The Cost Inflation Index for FY 2023-24 relevant to AY 2024-25&nbsp;stood at 348.<br><br>It is notified under the Income-tax Act, 1961 every year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I-T dept notifies Cost Inflation Index for current fiscal: The\u00a0Income Tax Department\u00a0has notified the\u00a0Cost Inflation Index (CII)\u00a0for the current fiscal beginning April 2023,\u00a0for calculating long-term capital gains arising from the sale of immovable property, securities, and jewelry. April 2023 Current Affairs Quiz CII is&nbsp;used by taxpayers to compute gains arising out of the sale of [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":132380,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5010],"tags":[4916],"class_list":["post-132379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2023","tag-national-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=132379"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132379\/revisions"}],"predecessor-version":[{"id":132381,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132379\/revisions\/132381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/132380"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=132379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=132379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=132379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}