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Economics3h 8m ago
Individuals who sold property acquired on or before July 23, 2024 and sold it between April 1, 2026 and June 15, 2026 may face issues with advance tax payments if the Cost Inflation Index (CII) is released late, impacting their ability to use indexation benefits for lower tax.
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India
Who
Individuals who have sold property
What
Individuals who sold property acquired on or before July 23, 2024 and sold it between April 1, 2026 and June 15, 2026 may face issues with advance tax payments if the Cost Inflation Index (CII) is released late, impacting their ability to use indexation benefits for lower tax.
When
Sat, 18 Jul 2026 07:42:31 GMT · 3h 8m ago
Where
India ·
Why
The Cost Inflation Index (CII) for tax year 2026 has been released late, creating potential problems for taxpayers seeking to utilize indexation benefits when calculating their advance tax payments on property sales.
The Frontline Impact
How this affects you
Taxpayers may struggle to accurately calculate and pay advance tax, potentially leading to penalties or incorrect tax liabilities due to the delayed release of the Cost Inflation Index.
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