How to use CII in working out the indexed cost of acquisition
(indexation can be used only if asset is long term in nature)
| Property purchase year |
|
|
2002-03 |
| Total Cost of Purchase |
|
|
Rs. 100,000 |
| Property Sale year |
|
|
2012-13 |
| Net Sale Value |
|
|
Rs. 150,000 |
|
|
|
|
| |
|
|
| Indexed Cost of Purchase |
|
|
| Rs. 100,000 x 852 |
|
= |
Rs. 190,604 |
| 447 |
|
|
|
|
|
|
|
| |
|
|
| Long Term Capital Gain / (Loss) |
= |
(Rs. 40,604) |
| Rs. 150,000 - Rs. 190,604 |
|
|
|