If you wish to know how the Cost Inflation Index numbers have moved up since the Base Year of 2001, then have a look at the complete list of Cost of Inflation Index from FY2001-02 to FY2024-23 for capital gains calculation below: 1. Financial Year 2001-02: CII Number is 100 (for the Base Year) 2. Financial Year … See more Let’s say you invested Rs 5 lakh in a good debt fund in June 2015. After 4 years, i.e. in June 2024, the value of your investment has become Rs 7 lakh. Assume you sell it at this point. So mathematically speaking, you made capital … See more In Budget 2024, the Finance Minister announced the shifting of the base year of the Cost Inflation Index from 1981 to 2001. So up to 31stMarch … See more The answer is pretty simple. You already know inflation is always there (practically speaking). That the cost of things keeps rising. The Cost Inflation Index is calculated to adjust and match the prices to the inflation rate, … See more WebFeb 6, 2024 · The house is now sold for ₹120 lakh in December, 2024. Since the Cost Inflation Index (CII) is available only from the Financial Year 2001-02, how should the capital gain is to be calculated for ...
How change in base year for indexation from 1981 to 2001 …
Web2 days ago · Take an example of how the indexed cost of acquisition will be calculated using Cost of Inflation Index or CII. The formula is as below. Indexed Cost of Acquisition=(Cost of Acquisition/Cost of Inflation Index (CII) for the year in which the asset was first held by the assessee OR FY 2001-02, whichever is later)* Cost of the Inflation … WebFinancial Year Cost Inflation Index 2001-02 100 2002-03 105 2003-04 109 2004-05 113 2005-06 117 2006-07 122 2007-08 129 ... Cost Inflation Index (Old) Chartfor Calculation of Capital Gains Financial Year Cost Inflation Index 1999-2000 389 2000-2001 406 2001-2002 426 2002-2003 447 2003-2004 463 2004-2005 480 2005-2006 497 top 30 companies in the us
RT @StableInvestor: Cost of Inflation Index (CII) from FY 2001-02 …
WebIf you acquired an asset prior to 2001-02, you will have to calculate the fair value of same as of 2001-02 and use that as your cost of acquisition. Let's take an example on how to use … WebCost after Indexing = Cost before indexing * CII for sale year/CII for purchasing year. In Budget 2024, the base year for CII has been shifted from Financial year 1981-82 to 2001-02. New CII is applicable for Assessment year 2024-19 and subsequent years. Therefore for Financial year 2016-17 the old CII will be used. WebFinancial Year Cost Inflation Index 2001-02 100 2002-03 105 2003-04 109 2004-05 113 2005-06 117 2006-07 122 2007-08 129 ... Cost Inflation Index (Old) Chartfor Calculation … pickled pumpkin stardew valley