Cost Inflation Index (CII) for PY 2019-20/ AY 2020-21 Notified by CBDT at 289 (Base Year 2001-02) In the case of transfer of short term capital asset, the amount of capital gains can be arrived at by deducting the cost of acquisition/ improvement from the sale consideration. 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.

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. 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.

Now, we can find out the Indexed Cost of Acquisition by multiplication of Cost Inflation Index with the price at which the asset was purchased. This Indexed Cost of Acquisition is the actual cost of the asset. Indexed Cost of Acquisition= 20, 00,000 x 1.49=Rs. 29, 92, 288. Now, from this we can also find out the Long term capital gain.

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  11 Jul 2019 Indexation Cost of Acquisition. The Cost The government fixes and releases the CII every year before the beginning of a financial year. 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  31 Jan 2018 The rates are applicable for the Financial Year 2020-21 (AY 2021-22) and subject 10% without indexation + Actual cost of acquisition; and. 14 Dec 2016 All these collectively contribute to the cost of acquisition. department has been releasing these every financial year since 1981 (base year). Once you have calculated the indexed cost of property acquisition and know the 

14 Dec 2016 All these collectively contribute to the cost of acquisition. department has been releasing these every financial year since 1981 (base year). Once you have calculated the indexed cost of property acquisition and know the 

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. 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. Cost Inflation Index (CII) for FY 2018-19/ AY 2019-20 Notified by CBDT at 280 (Base Year 2001-02) In the case of transfer of short term capital asset, the amount of capital gains can be arrived at by deducting the cost of acquisition/ improvement from the sale consideration. 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)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :- Now, we can find out the Indexed Cost of Acquisition by multiplication of Cost Inflation Index with the price at which the asset was purchased. This Indexed Cost of Acquisition is the actual cost of the asset. Indexed Cost of Acquisition= 20, 00,000 x 1.49=Rs. 29, 92, 288. Now, from this we can also find out the Long term capital gain.

NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :- Sl. No. Financial Year, Cost Inflation Index.

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)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :-

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 

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 

13 Sep 2019 The cost inflation index (CII) for the financial year (FY) 2019-20 has calculating LTCG/LTCL tax payable on assets acquired on or before  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