July 6, 2024
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CBDT

CBDT Chairman Appointment

CBDT Chairman Appointment: Ravi Agrawal Takes Charge, Succeeds Nitin Gupta

Prateek04 mins

Ravi Agrawal Appointed as CBDT Chief, Succeeds Nitin Gupta New Appointment in CBDT The Central Board of Direct Taxes (CBDT) has announced the appointment of Ravi Agrawal as its new chairman. Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, will succeed Nitin Gupta, who completed his term on June 30, 2024. Career and Experience Ravi…

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Cost Inflation Index 2024

Cost Inflation Index 2024-25: Impact on Tax Calculations and Compliance

Prateek08 mins

Income Tax Department Sets Cost Inflation Index for FY 2024-25 The Income Tax department has announced the Cost Inflation Index (CII) for the financial year 2024-25, setting it at 363. This index is essential for taxpayers as it helps in accurately calculating long-term capital gains by adjusting for inflation. Importance of Cost Inflation Index (CII)…

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