Cost Inflation Index for the purpose of computing Long Term Capital Gain
| FINANCIAL YEAR | COST INFLATION INDEX | FINANCIAL YEAR | COST INFLATION INDEX |
| 1981-82 | 100 | 1982-83 | 109 |
| 1983-84 | 116 | 1984-85 | 125 |
| 1985-86 | 133 | 1986-87 | 140 |
| 1987-88 | 150 | 1988-89 | 161 |
| 1989-90 | 172 | 1990-91 | 182 |
| 1991-92 | 199 | 1992-93 | 223 |
| 1993-94 | 244 | 1994-95 | 259 |
| 1995-96 | 281 | 1996-97 | 305 |
| 1997-98 | 331 | 1998-99 | 351 |
| 1999-2000 | 389 | 2000-01 | 406 |
| 2001-02 | 426 | 2002-03 | 447 |
| 2003-04 | 463 | 2004-05 | 480 |
| 2005-06 | 497 | 2006-07 | 519 |
| 2007-08 | 551 | 2008-09 | 582 |
Updates
Related posts:
- Cost Inflation Index for the Financial Year 2009-2010
- Cost Inflation Index f.y 2010-11 Notified
- Capital Gains exemption u/s 54F: Capital Gain on Transfer of Asset, other then a Residential House (Sec. 54F)
- Capital Gain Exemption u/s 54, 54B, 54D, 54EC, 54F, 54G, 54GA Table
- Set off of long term capital loss with indexation against long term capital gains without indexation is allowable
{ 18 comments… read them below or add one }
what is the cost inflation index value for f/y 2009-2010 for purchasing REC & NHAI BONDS. PL. LET ME KNOW
what is the cost inflation index value for f/y 2009-2010 for purchasing REC & NHAI BONDS. PL. LET ME KNOW’ where will I FIND the answeer to my question’ is there any other site?
This is cost inflation index for FY2009-10
29 2009-10 632
what happens for tax purpose to amount after 5 year redemption in capital bond of REC AND NHAI
DINESH
1. What was the CII in the year 1933?
2. Since the residential house was old & dilapidated, it was brought down & sold; woud it be termed sale of land or house for the purpose of capital gain exemption, if the intention is to construct a house within 3 years of sale?
3. Can such proceeds (as in 2. above) be utilised fully prior to filing IT return without opening CGA?
What happens to properties which have been purchased more than 30-40 years ago? How would we consider the cost inflation index while calculating capital gains for such properties?
I HAVE PURCHSED A FLAT IN A COPOERATIVE SOCIETY BY PAYING THE TOTAL AMOUNT IN INSTALLMENT FROM 1990 TO 2000 IN TOTAL OF RS 1007500AND AGAIN PAID ENHANCEMENT CHARGES IN 2006 FOR 130000 NOW I WANT TO SELL AND THE SELLING COST WILL BE AROUND 60 LAKS HOW MUCH IS THE CAPITAL GAIN ON THE BASIS OF CII 2009-10 AND HOW MUCH CAN BE REINVESTED IN PURCHSING NEW HOUSE AS I DONOT HAVE ANY HOUSE OTHER THAN ABOVE HOW MUCH TAX I HAVE TO SHELL OUT IF I USE SOME OF MONEY FOR MARRIAGE OF MY DAUGHTER AND EDUCATION OF MY SON
You have provided information on the Cost Inflation Index since 1981. What are the figures since 1960?
I purchased a flat in 1989 for a consideration of Rs.114000/. i am selling the same house for Rs.15 lacs in Jan 2010. With the indexation what will be my tax liability. i have constructed a house about ayear back costing around 30 lacs. I am 64 years old and presently has no income.
What will be the capital gains for selling very old property in a village (gram panchayat) – land owned from prior to 1960. Also, the houses that were constructed are dilapidated and are worth nothing to the buyer and will need to be torn down. Will it be treated as house sale or land sale?
thanks.
One received a gift from his aunt in the year 1962 a plot of land measuring 6 and 1/2 cottahs. Then he constructed a residential house more or less 2200 sq. ft. on that plot during the span of 20 years. Thereafter he sold his house for a consideration of Rs.20 lacs in the year 2009. He also purchased a plot of land in the year 2009 and constructing a house thereon. How the capital gains to be calculated and What will be the capital gains ?
Sir, I purchased a house on 01 May 2001 for 8,34,000/- and have sold it recently for 24.5L. Pl let me know the amount of gains for payment of tax. Pl also clarify the exact min amount that I need to pay from this to fund the purchase of my new house that will be handed over by Dec this yr,
Regards
I purchased a flat at 5.50 lacs in Dec 1995 and sold it at 15.20 lacs in March 2010. What will be capital gains tax and how it can be saved.
Dear Sir,
THis is with reference to sell of my commercial property
how to calculate capital gain with the help of cost inflation index?
If depriciation is claimed then it will not be possible to invest in gov bonds and save on property tax?
what are the other options to save on property tax on selling of commercial property?
if company is on Hindu undivided Family then will it be possible to deduct property tax on liablities?
Pls. help
awaiting your reply at the earliest.
Thanking you
Akshita
Registration Charges and Stamp duty will subtracted from saleing price at the time of calculation for cost inflation index for building ?
Can I sell two flats – and invest the capital gains in one flat – (Mumbai). regards.
I have long term capital gain of Rs. 450000/- against sale of house property in April 2010, I have purchase a residential plot in May 2010 cost Rs. 450000/- plus also paid 50000/- for electricity facilitation and 21000/- for society maintenance and 15000/- for life time society club membership, it it necessary to construct something on this plot as i already have invested in purchase of residential plot up to the amount of capital gain or i can resides on open plot/land or i can reside in simple hut or i have to construct a room up to what cost, presently i resides in house purchased in December 2007 which i will give on rent and i will reside of open plot, by this way can I save capital gain tax ?,
please send me cost inflation index for F.Y. 10-11