What is Cost Inflation Index (CII)

Cost Inflation Index

Cost Inflation Index (CII) As per provisions of Income Tax Act, for the purpose of Long term capital gains, Indexed cost of acquisition and indexed cost of improvement are deducted from Sale value Read more […]

What is Due date of Advance Tax ?

Due Date of Advance Tax: Section 211 of Income Tax Act lays down due date of payment of Advance Tax .Advance tax on the current income calculated in the manner laid down in section 209 shall Read more […]