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Income tax department notifies cost inflation index for current fiscal

It is popularly used to calculate indexed cost of acquisition , while calculating capital gains at the time of sale of any capital asset ....

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I-T deptt notifies cost inflation index for current fiscal

I-T deptt notifies cost inflation index for current fiscal
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Union Budget 2023: Allow deductions, hike threshold for levying peak 30% tax to make optional tax regime attractive: Experts

Investments in PPF and other tax savings schemes should be allowed as deductions, and the threshold for 30 per cent tax should be raised to Rs 20 lakh under the concessional income tax regime in Budget 2023-24 to make it attractive for middle-income taxpayers, says experts. ....

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