PPSINGH & ASSOCIATES is a firm of Chartered Accountants having  office  in NCR Delhi just 0.5 km from Anand Vihar ISBT  Delhi  the capital of India established in the year 2003. 

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9899826222, 9711521060, 9871229590, 120-4262462

4F -CS-03, 4th Floor, Ansal Plaza, Sector-1, Vaishali, Ghaziabad- 201010 (UP)

ppsinghassociates200@gmail.com

Cost inflation index CII

Cost inflation index CII

Cost inflation index for computation of long term capital gain

Introduction:  In the case of the transfer of long-term capital assets for the computation of capital gain, the cost of acquisition and cost of improvement is to be indexed by applying the Cost Inflation Index (hereinafter called CII)  of the FY in which capital assets are transferred and the CII of the FY of acquisition and improvement. CII of different FYs is listed here.

Indexed cost of acquisition =  cost of acquisition [X]  (Cost Inflation Index for the year in which the asset is transferred) / Cost Inflation Index for the first year in which the asset was held by the assessee or for the year beginning on the 1st day of April 2001], whichever is later;

Indexed cost of any improvement = cost of improvement [X] Cost Inflation Index for the year in which the asset is transferred/ Cost Inflation Index for the year in which the improvement to the asset took place;

Financial Year Cost Inflation Index (CII)
2001-02 (Base year) 100
2002-03 105
2003-04 109
2004-05 113
2005-06 117
2006-07 122
2007-08 129
2008-09 137
2009-10 148
2010-11 167
2011-12 184
2012-13 200
2013-14 220
2014-15 240
2015-16 254
2016-17 264
2017-18 272
2018-19 280
2019-20 289
2020-21 301
2021-22 317
2022-23 331
2023-24 348
2024-25 363

 

 

 

Name: CA P P SINGH
Qualification: LLM(P) LLB, FCA, CS, GSTCC, B.Sc. (H),
Company: PPSINGH AND ASSOCIAES
Location: NCR DELHI

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