Advance tax without CII: Indexation helps property sellers save LTCG tax, but CII not being notified for FY26, what should they do?

Property sellers who bought property before July 23, 2024, can lower capital gains tax using the cost inflation index (CII). However, the CII for FY 2025-26 is not yet notified, creating challenges for advance tax payments due June 15. The solution is Taxpayers can estimate CII using past trends or last year's value to avoid penalties.

from Tax-Wealth-Economic Times https://ift.tt/mUCiSt3