CBDT notified the Cost of Inflation Index FY 2019-20 AY 2020-21 for Capital Gain on 12th September 2019. You may be aware that the base year was changed from the earlier FY 1981-82 to FY 2001-02. FAQ on Cost Inflation Index in India. What is cost inflation index? The cost inflation index (CII) are fixed by Government of India in its official Gazette to measure inflation. The Cost Inflation Index are mainly used in the computation of long-term capital gains with regard to the sale of assets. CBDT on 13th June 2018 announced the Cost of Inflation Index for FY 2018-19 / AY 2019-20. You may be aware that the base year was changed from the earlier FY 1981-82 to FY 2001-02.

9 Mar 2020 Cost Inflation index also called Capital gain index is used to calculate the indexed cost of Read about the Union Budget 2020 highlights here. Why is the base year of Cost Inflation Index changed to 2001 from 1981? solutions to individuals, businesses, organizations & chartered accountants in India. Tax Offices. Click to view Tax Office in India · Tax Helpline. Click to view Tax Helpline. Updated as on 25-01-2020​​. Cost Inflation Index Back. Date when asset  NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V). As per Notification No. So 3266(E) [No. 63/2019 (F.No. 370142/11/2019-TPL)],  16 Sep 2019 Cost Inflation Index (CII) for PY 2019-20/ AY 2020-21 Notified by CBDT at 289 ( Base Year Base year has been shifted from FY 1981-82 to FY 2001-02. CBDT releases MLI synthesised text for India-Georgia tax treaties.

22 Oct 2009 In case of gifted property, what should be the Cost Inflation Index (CII) rate Therefore, CII of the year of acquisition by previous ownere or 1981-82 (if held prior F: Export done in Indian rupees and realisation proceeds received in USD . LLP/ TRUSTS/ SOCIETIES · INDIAN LAWS · BUDGET 2020-2021 

CBDT on 13th June 2018 announced the Cost of Inflation Index for FY 2018-19 / AY 2019-20. You may be aware that the base year was changed from the earlier FY 1981-82 to FY 2001-02. Cost Inflation Index for AY 2020-21, Cost Inflation Index for FY 2019-20 for Long Term. Capital gain is the profit you make on selling an asset. It can be stock, real estate, mutual funds, jewellery etc. If you are selling an asset after one year from the date of its purchase, the profit becomes a short term capital gain. CBDT has notified “1125” as Cost Inflation Index (CII) for FY 2016-17. CII is used indexation of cost of acquisition and improvement for the purpose of computation of long term capital gains under Income Tax Act, 1961. Up-to-date Table of Cost Inflation Index (CII) from FY 1980-81 to FY 2016-17 For Inflation data rather than Consumer Price Index data go to the Historical Inflation page. If you would like to calculate the inflation rate between two dates using the Consumer Price Index data from this chart, use our handy easy to use Inflation calculator or you might prefer to use our Cost of Living Calculator to compare the costs in two cities.

Cost inflation index India is an index issued by the Central Board of Direct Taxes Budget 2017 has changed the base year of Indexation from 1981 to 2001.

Section 48 of the Indian Income Tax Act, 1961, defines the index as notified by the government every year. Cost Inflation Index is New Cost Inflation Index (CII) From FY 2001-02 To FY 2018-19 Shift In Cost Inflation Index Base Year From 1981 To 2001. Earlier *compare and buy plansCopyright © 2020 coverfox.com.

26 Feb 2012 Further Cost inflation index from 1981-2012 in sheet shown below the following amendment in the notification of the Government of India in 

United States's Consumer Price Index (CPI) growth was measured at 2.3 % YoY in Feb 2020, compared with a rate of 2.5 % in the previous month. United  Due to Easter holidays, the Consumer price index for March will be published at April 8th. Updated. 10 March 0.9 %. year-to-year change CPI February 2020 

13 Sep 2019 The cost of inflation index (CII) for the financial year 2019-20 has been The rate of inflation for indexation purposes have been specified by the Indian The base year has been shifted from 1981 to 2001 in Budget 2017.

Full Cost Inflation Index Chart for India - Updated to Year 2019 - 2020 Provided below is the cost of inflation chart that shows the cost inflation index up to the current financial year of 2017/2018. This chart can be used when calculating the cost of property purchased several years ago to help determine applicable capital gains when the property is sold. Article discusses Meaning of Cost Inflation Index (CII) which is used for Computation of Long Term Capital Gain. Cost Inflation index are Notified by CBDT every year and till date CBDT has notified Cost Inflation Index for the Financial Year 1981-82 to Financial year 2019-20.Cost Inflation index are used for computing indexed cost of acquisition.

Inflation rate in India was 5.5% as of May 2019, as per the Indian Ministry of Statistics and Programme Implementation. This represents a modest reduction from the previous annual figure of 9.6% for June 2011. Inflation rates in India are usually quoted as changes in the Wholesale Price 1981, 10.094, 10.000, 6.049 , 8.724, -. Cost inflation index India is an index issued by the Central Board of Direct Taxes Budget 2017 has changed the base year of Indexation from 1981 to 2001.