Index cost of acquisition 2020-20
Indexed cost of acquisition= cost of acquisition X cost of inflation index of the acquisition year/cost of inflation index of the transfer year. Indexed cost of transfer = 20 May 2016 In indexation and capital gain terminology, the adjusted purchase price is called ' indexed cost of acquisition'. Indexation Benefit in Debt Mutual Cost Inflation Index (CII) and how to rework capital gains. CII is a The result will be the indexed cost of acquisition which will be higher than the original cost of 12 Aug 2015 The Cost Inflation Index is simply the measure of inflation and you can find these on the Income Tax website. Index cost of acquisition can be
13 Sep 2019 Indexed Cost of Acquisition=(Cost of Acquisition/Cost of Inflation Index (CII) for the year in which the asset was first held by the assessee OR FY
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). 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 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). 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)], 30 Dec 2019 Download Excel based Capital gains calculator for Property based on new 2001 series CII (Cost Inflation Index) & New rules to Calculate Short
13 Sep 2019 Finance Ministry notifies cost inflation index for FY 2019-20 as 289 while calculating LTCG/LTCL tax payable on assets acquired on or before
Cost Inflation Index is used to calculate the estimated increase in prices of goods Indexed cost of acquisition = Cost of Acquisition X {CII (for the year it is being 7 Jan 2020 Long-term capital gain = Sale price – (indexed cost of acquisition + indexed Where CII is the Cost Inflation Index specified by the Income Tax
Cost Inflation Index (CII) is a measure of inflation. And it is used when computing long-term capital gains on transfer (sale,exchange etc.) of capital assets. While computing Long term Capital Gain, Cost Inflation Index (CII) is used for computing Indexed cost of acquisition and Indexed Cost of improvement.
Income-tax at the rate of 10% (without indexation benefit) on long-term capital gains exceeding Rs. 1 lakh provided transfer of such units is subject to STT.
Cost Inflation Index (CII) and how to rework capital gains. CII is a The result will be the indexed cost of acquisition which will be higher than the original cost of
13 Sep 2019 Finance Ministry notifies cost inflation index for FY 2019-20 as 289 while calculating LTCG/LTCL tax payable on assets acquired on or before
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. 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.