-
May 4, 2019
Cost Inflation Index Chart for Financial Year 2004-05
It may be noted that Budget 2017/ Finance Act 2017 has proposed amendments in provisions relating to indexation for the purpose of determining long term capital gains. Base year has been shifted from FY 1981-82 to FY 2001-02. In respect of assets acquired prior to 1 Apr 2001, the assess now has the option to use FMV/ Indexed Cost of Acquisition for arriving at the figure of long term capital gains. It’s likely that investors in property will stand to gain in most of the cases with shifting of the base year for the purpose of indexation.
CBDT has notified the Cost Inflation Index (CII) for Financial Year 2004-05 at 113, with new Base Year 2001-02 (cost inflation index=100).
Know Capital gain index for all years at once place here.
Need help in filing your Income tax return? Get experts help at ebizfiling.com.
Get Started With Your ITR Filing Now
About EbizFiling.com :
EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws.
Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.
June 16, 2025 By Team Ebizfiling
How Should Freelancers in India File Taxes on Income Earned from Foreign Clients? Introduction Freelancers in India often work with clients based in other countries. While the payments come in foreign currency, the income is fully taxable under Indian tax […]
April 5, 2025 By Team Ebizfiling
Compliance Calendar for the month of March 2025 As the month of March is approaching, stay ahead of deadlines with the Compliance Calendar for March 2025! From GST returns to PF/ESI payments and income tax filings, this month is packed […]
February 13, 2025 By Team Ebizfiling
New Income Tax Bill, 2025 – New Updates & Highlights Finance Minister Nirmala Sitharaman presented the Income Tax Bill 2025 in the Lok Sabha on February 13. The bill aims to make the tax system simpler by using easy language, […]