Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Tuesday, June 6, 2017

New Capital Gain Index with Base Year 2001-02 effective from Financial Year 2017-18 declared by CBDT on 05-06-2017

On 05-06-17 CBDT has vide Notification No. 44/2017 issued Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18  and effective from Financial Year 2017-18 i.e for all capital gain during Financial Year 2017-18.
The Central Government has specified the Cost Inflation Index as mentioned in column (3) of the Table for the Financial Years mentioned in the corresponding entry in column (2) of the said Table, namely:—
TABLE
SI. No.
Financial Year
Cost Inflation Index
(1)
(2)
(3)
1
2001-02
100
2
2002-03
105
3
2003-04
109
4
2004-05
113
5
2005-06
117
6
2006-07
122
7
2007-08
129
8
2008-09
137
9
2009-10
148
10
2010-11
167
11
2011-12
184
12
2012-13
200
13
2013-14
220
14
2014-15
240
15
2015-16
254
16
2016-17
264
17
2017-18
272


This notification is effective from 1st day of April, 2018 and shall accordingly apply to the assessment year 2018-19 i.e Financial Year 2017-18 and subsequent years.

No comments:

Post a Comment