Indexation of cost is useful in case of capital gains that arise from debt funds or sale or property assets held beyond a period of 3 years. This enables individuals to calculate gains after adjusting the cost for inflation, which typically will reduce the amount of taxable gains.
Govt. has recently released cost inflation index table for India.
Govt. has recently released cost inflation index table for India.
|
2001-02
|
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
|
2 comments:
It mutually depends on Cost Inflation Index and saving structures of individuals to invest money. I know it is generally used to calculate taxes on capital gains but in my opinion, gives a good idea about inflation and economy.
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