Cost Inflation Index (CII)

Cost Inflation Index (CII)

As per provisions of Income Tax Act, for the purpose of Long term capital gains, Indexed cost of acquisition and indexed cost of improvement are deducted from Sale value consideration.

Cost Inflation index in relation to previous year means, such index as the Central Government may, with reference to 75% of average rise in CPI (Consumer Price Index) for urban and non urban employees for immediately preceding previous year to such previous year, by notification in official Gazette, specify in this behalf.

Cost Inflation Index (CII) from FY 1981-82 to FY 2016-17 as notified by Central Government is as under:

Financial
Year
CIIFinancial
Year
CII
1981-821001997-98331
1982-831091998-99351
1983-841161999-00389
1984-851252000-01406
1985-861332001-02426
1986-871402002-03447
1987-881502003-04463
1988-891612004-05480
1989-901722005-06497
1990-911822006-07519
1991-921992007-08551
1992-932232008-09582
1993-942442009-10632
1994-952592010-11711
1995-962812011-12785
1996-973052012-13852
2013-149392014-151024
2015-1610812016-171125

 

You can use search box provided on top right side to get Cost Inflation Index- CII of particular year.

(Post republished with CII of FY 2016-17)

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One comment on “Cost Inflation Index (CII)
  1. Subramanian.V says:

    1.I purchased an apartment for Rs.10 lakhs in 1994-95 period. I do note that the indexed cost in 2016-17 period would be 10,00,000×1125/259 = Rs.43.436L. Am I correct pl?
    2. I had done some woodwork & other items during 1995-96. Can I add the indexed cost from 1995-96 to 2016-17 to this. Shall appreciate your confirmation or otherwise.
    3. I have done some additional work/replacement work during course of last 22 years-(i) Rs. 60,000 during 2004-05 for toilet redoing/refurbishing, (ii)Rs. 50,000 for changing flooring in hall during 2014-15. Can the cost these two items be added after indexing from respective years.
    4.I have done periodical anti-termite treatments for whole flat. Are these cost can be added to indexed cost?
    5. How about painting cost incurred three times during last 21 years.?
    I would be grateful for your guidance on these points.

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