Cost Inflation Index and Long Term Capital Gains
Long Term Capital
Gains is computed as below :
LTCG =
Full value of consideration received or accruing - (indexed cost of acquisition
+ indexed cost of improvement +cost of transfer)
Indexed cost of acquisition =Cost of acquisition x CII of year of transfer /CII of year of acquisition
Indexed cost of improvement =Cost of improvement x CII of year of transfer /CII of year of improvement
Sl. No.
|
Financial Year
|
Cost Inflation Index
|
Sl. No.
|
Financial Year
|
Cost Inflation Index
|
1
|
1981-82
|
100
|
17
|
1997-98
|
331
|
2
|
1982-83
|
109
|
18
|
1998-99
|
351
|
3
|
1983-84
|
116
|
19
|
1999-00
|
389
|
4
|
1984-85
|
125
|
20
|
2000-01
|
406
|
5
|
1985-86
|
133
|
21
|
2001-02
|
426
|
6
|
1986-87
|
140
|
22
|
2002-03
|
447
|
7
|
1987-88
|
150
|
23
|
2003-04
|
463
|
8
|
1988-89
|
161
|
24
|
2004-05
|
480
|
9
|
1989-90
|
172
|
25
|
2005-06
|
497
|
10
|
1990-91
|
182
|
26
|
2006-07
|
519
|
11
|
1991-92
|
199
|
27
|
2007-08
|
551
|
12
|
1992-93
|
223
|
28
|
2008-09
|
582
|
13
|
1993-94
|
244
|
29
|
2009-10
|
632
|
14
|
1994-95
|
259
|
30
|
2010-11
|
711
|
15
|
1995-96
|
281
|
31
|
2011-12
|
785
|
16
|
1996-97
|
305
|
32
|
2012-13
|
852
|
33
|
2013-14
|
939
|
Tax liability on LTCG with Indexation is to be taken at 20%
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