The Central Board of Direct Taxes (CBDT) has increased the cost inflation index (CII) used for calculating inflation-adjusted ...

This revised index will be applicable for tax assessments in the assessment year 2026–27, covering income earned during FY26 ...

The CII is a crucial metric used to calculate inflation-adjusted asset prices, particularly for computing long-term capital ...

Speculation about changes to capital gains tax (CGT) was widespread in the build-up to last year’s Autumn Budget. With her options limited by a ...

There are so many things wrong about the Liberals’ climbdown from the digital services tax (DST) announced late last Sunday evening.

When you invest in a mutual fund, inflation impacts your return, and you also pay a tax on capital gains. In such a way, the ...

The Cost Inflation Index (CII) is a number issued every year by the Central Board of Direct Taxes (CBDT). It helps taxpayers ...

Understand inheritance tax in India and beyond. Know the tax rates, exemptions, income tax implications, and more ...

Outdated tax rules hit homeowners hard: soaring prices mean many now face big capital gains taxes. A new bipartisan bill aims ...

Tax expert CA Nitin Kaushik  warns that using the wrong ITR form or making mistakes in reporting capital gains can lead to tax notices, refund delays, and even penalties.

The rationale is that long-term capital gains on assets such as land and buildings should apply only to real profits, ...

CII is used under Section 48 of the Income Tax Act, which outlines how to calculate capital gains when an asset is sold. It provides the indexation benefit, allowing taxpayers to adjust the purchase ...