Now from FY 2017-18, the base year of cost inflation index has been changed to 2001. This means that if the capital asset was bought before 2001 then the Fair market value has to be calculated as on 2001-02, and after that, the number can be adjusted with cost inflation index. Below is the cost inflation index table with data till 2017-18 The gains on your property are calculated using Cost Inflation Index. By using CII you indexed your cost of purchase and then calculate the capital gains. For this a simple formula is used Indexed Cost= Cost of purchase * CII of Year Property is Sold/ CII of Year Property is bought You will show capital gains calculated by using this formula. Indexed cost allows assessee to claim higher deduction in respect of cost of the asset by taking inflated cost while calculating capital gains. The overall cost of acquisition is adjusted per the prevailing Cost Inflation Index for the year and the year in which acquisition took place.

4 Feb 2020 CII or Cost Inflation Index refers to the numbers issued by the Income Tax Department in CII is issued for every financial year in the Budget. Indexed cost can be calculated for the purpose of capital gains on the sale of  Latest Cost of Inflation Index (CII) Chart - FY 2017-18. Cost Inflation Index released by the Govt. for Financial Year 2015-16 is 1081 & for F/Y 2014-15 is Capital Gains = Sale Price – Indexed Cost of Acquisition. 13 Sep 2019 Cost inflation index has been revised for financial year 2017-18 and subsequent years. CII is used while calculating long-term capital gains. 27 Jul 2019 Income under Capital Gains consists of those profits or gains that Rs. 1 lakhs will be taxed at the rate of 10% (without indexation). How will cost of acquisition for assets acquired on or before 31/03/2018 be determined? Cost Inflation Index is used to calculate the estimated increase in prices of goods and The capital gain tax is the most sought-after tax in the country as the If in case the asset was acquired before the financial year 2001-02, the Index value 

8 Jun 2017 This way, the profit derived from the sale would be lower, thus reducing the capital gains payable. The New Cost Inflation Index for financial year 

6 Jan 2020 Capital gains or loss is calculated as the difference between the sale it is assumed that the property was acquired in financial year (FY) 2010-11. cost of acquisition ( ₹18 lakh) multiplied by cost inflation index (CII) of year  The Cost Inflation Index (CII) for FY 2013-14 has been notified by the Central on account of any capital gain resulting out of sale of any long term capital asset. 4 Feb 2020 CII or Cost Inflation Index refers to the numbers issued by the Income Tax Department in CII is issued for every financial year in the Budget. Indexed cost can be calculated for the purpose of capital gains on the sale of  Latest Cost of Inflation Index (CII) Chart - FY 2017-18.

Latest Cost of Inflation Index (CII) Chart - FY 2017-18.

16 Sep 2019 However, in the case of transfer of long term capital asset, capital gains are determined by deducting indexed cost of acquisition/ improvement  Tax Helpline. Click to view Tax Helpline. Updated as on 25-01-2020​​. Cost Inflation Index Back. Date when asset was first held by assessee; Date of transfer   NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :- Sl. No. Financial Year, Cost Inflation Index.

Long term capital gains is eligible for indexation benefit in which cost of acquisition of an asset is adjusted for changes in cost inflation index during the holding 

13 Sep 2019 Cost inflation index has been revised for financial year 2017-18 and subsequent years. CII is used while calculating long-term capital gains. 27 Jul 2019 Income under Capital Gains consists of those profits or gains that Rs. 1 lakhs will be taxed at the rate of 10% (without indexation). How will cost of acquisition for assets acquired on or before 31/03/2018 be determined?

13 Sep 2019 What is the CII or Cost of Inflation Index FY 2019-20 AY 2020-21? How to calculate the capital gain tax using indexation benefit? What is the 

4 Feb 2020 CII or Cost Inflation Index refers to the numbers issued by the Income Tax Department in CII is issued for every financial year in the Budget. Indexed cost can be calculated for the purpose of capital gains on the sale of  Latest Cost of Inflation Index (CII) Chart - FY 2017-18. Cost Inflation Index released by the Govt. for Financial Year 2015-16 is 1081 & for F/Y 2014-15 is Capital Gains = Sale Price – Indexed Cost of Acquisition. 13 Sep 2019 Cost inflation index has been revised for financial year 2017-18 and subsequent years. CII is used while calculating long-term capital gains.

NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) As per Notification No. So 3266(E) [No. 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :- So this is the New Series of Cost Inflation Index (CII) From FY 2001-02 to FY 2019-20. You can use these CII figures to calculate the adjusted or indexed cost of acquisition which is required for the calculation of long-term capital gains (LTCG) or Long Term Capital Losses (LTCL). Latest Cost Inflation Index FY 2019-20. CII for Assessment Year 2020-21. Latest CII Chart Table 2020. Indexation Chart. Capital Gain Calculation MFs.. This indexed cost is then used to calculate your long term capital gains and the resultant tax on same. In this post, I will share the complete cost inflation index chart that's updated till AY 2018-19 plus a Capital Gains Tax calculator for you to easily compute your tax liabilities It is announced for each Financial Year but not based on Assessment Year. Hence, the applicable rate of CII will be for that particular financial year. To arrive at a capital gain, it is very much important to calculate the LTCG. For this purpose Cost of Inflation Index is a must.