on aggregate of base tax and surcharge. • Long term Capital Gain tax on debt- oriented schemes will be calculated after giving indexation benefit. Domestic  From the sale of land/building: If a real estate asset is sold within 2 years of acquisition, there are two things. Firstly, you do not get indexation benefit (cost 

Cost of Inflation Index FY 2019-20 AY 2020-21 for Capital Gain Below is the complete list of Cost of Inflation Index FY 2019-20 AY 2020-21 from new base year FY 2001-02 to FY 2019-20. This notification will come into force with effect from 1st day of April 2019 and will accordingly apply to the Assessment Year 2019-20 and subsequent years. Then the cost inflation index value for each year is declared by the government considering the inflation in the country. The value for FY 2018-19 and AY 2019-20 is 280. This index is useful in arriving at the indexed cost of a capital asset like property, mutual funds etc. Cost of acquisition is Rs 2 lakh. CII number for purchase year (2014-15) was 240. CII during sale year (2019-20) is 289. This would mean that your indexed cost price of acquisition would be – (2,00,000 * 289/240) = Rs 2,40,833. To assess the indexed cost, the seller needs to multiply the property's cost of acquisition with the cost inflation index, as notified by the tax authorities for the year of transfer. This figure then has to be divided by the cost inflation index of the year of purchase.

Below is the chart showing the Cost of Inflation Index (CII) from the changed base year FY 2001-02 to FY 2017-18. What is the Cost of Inflation Index for FY 2018-19 / AY 2019-20 or CII with the base year 2001-02? Below is the complete list of Cost of Inflation Index for FY 2018-19 / AY 2019-20 from new base year FY 2001-02 to FY 2018-19.

13 Sep 2019 Accordingly, capital gains on assets acquired before 1 April 2001 will also be calculated using fair market value as of 2001. What is Cost of  13 Sep 2019 The indexed cost of acquisition can then be used in the calculation of Long-term capital gains (LTCG) or Long Term Capital Losses (LTCL). 9 Mar 2020 Cost Inflation index also called Capital gain index is used to calculate the indexed cost of Financial Year, Cost Inflation Index (CII) When the indexation benefit is applied to “Cost of Acquisition” (purchase price) of the  13 Sep 2019 The Capital Gains will be computed after deducting the indexed cost of acquisition from the sale value. The cost of purchase of the asset will be  12 Sep 2019 So CII number helps to calculate the Inflation-adjusted Purchasing Price of Asset. This is what is known as the Indexed Cost of Acquisition).

Cost Inflation Index FY 2017-18 is 272 (AY 2017-18) New Cost of Inflation Index (CII) come into force w.e.f. 01-04-2018; CBDT Notified Cost Inflation Index Skip to content About Us

Indexed Cost of Acquisition = (Cost of Acquisition * Cost of the Inflation Index (CII) for the year in which the asset was sold or transferred.)/ The cost of Inflation 

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.

19 Mar 2019 Exclusive of surcharge for A.Y. 2019-20 and A.Y. 2020-21 as from 01/04/1981 to 31/03/2001, hence the revised cost inflation index as only if, the Securities Transaction Tax has been paid at the time of acquisition of those  9 Jun 2019 54D – Property acquired for Industrial purpose. “Fair Market Value or Sale Price – Expense on Transfer – Index Cost of Purchase – Index 

The cost inflation index for financial year is 280. In the case of long-term capital gains, indexed cost of acquisition and indexed cost of improvement are 

Cost inflation index is used to calculate the Indexed cost of acquisition which further helps in coming with the capital gains taxation. This calculation applies to all capital assets except the Listed Equity shares (for Stock market transactions) and Equity Mutual funds, as in both these cases the long-term capital gain is tax-free. what is the cost inflation index for FY 2019 20 AY 2020 21 I already googled but could not find think it has not yet been declared and if not why how should we calculate tax and invest in eligible fixed assets - Income Tax. 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. Below is the chart showing the Cost of Inflation Index (CII) from the changed base year FY 2001-02 to FY 2017-18. What is the Cost of Inflation Index for FY 2018-19 / AY 2019-20 or CII with the base year 2001-02? Below is the complete list of Cost of Inflation Index for FY 2018-19 / AY 2019-20 from new base year FY 2001-02 to FY 2018-19. So, indexed cost of acquisition would be 55,10,563 [25,00,000 * (939/426)]. In the same way, adjust additional construction cost against inflation. CII for the year in which the new floor was

So, indexed cost of acquisition would be 55,10,563 [25,00,000 * (939/426)]. In the same way, adjust additional construction cost against inflation. CII for the year in which the new floor was Cost Of Acquisition: A business sales term referring to the expense required to attain a customer or a sale. In setting a marketing and sales strategy, a company must decide what the maximum cost