Finance Act 2017 has amended ‘cost inflation index’ provisions . The Base year has been shifted from FY 1981-82 to FY 2001-02. The Assessees can now exercise option to use Fair Market Value (FMV) / Indexed Cost of Acquisition for arriving at figure of LTCG, regarding assets acquired prior to 01/04/2001.
F/Y CII
2021-2022 317
2020-2021 301
2019-2020 289
2018-2019 280
2017-2018 272
2016-2017 264
2015-2016 254
2014-2015 240
2013-2014 220
2012-2013 200
2011-2012 184
2010-2011 167
2001-2002 (Base Year) 100
2002-2003 105
2003-2004 109
2004-2005 113
2005-2006 117
2006-2007 122
2007-2008 129
2008-2009 137
2009-2010 148
This notification shall come into force with effect from 1st day of April, 2022 and shall accordingly apply to the assessment year 2018-19 and subsequent years.
