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Changes Allowed in Financial Year and Amount Columns Only: Computation of LTCG

This document computes the long term capital gains (LTCG) from the sale of a capital asset in the financial year 2013-14. It lists the sale proceeds as Rs. 13,25,000 and the total indexed cost of acquisition as Rs. 4,17,016. By subtracting the indexed cost from the sale proceeds, it determines the LTCG amount to be Rs. 12,832,984. It also provides the cost of acquisition, cost of improvements and the consumer price index (CII) for various financial years for indexing the cost of acquisition.

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29 views2 pages

Changes Allowed in Financial Year and Amount Columns Only: Computation of LTCG

This document computes the long term capital gains (LTCG) from the sale of a capital asset in the financial year 2013-14. It lists the sale proceeds as Rs. 13,25,000 and the total indexed cost of acquisition as Rs. 4,17,016. By subtracting the indexed cost from the sale proceeds, it determines the LTCG amount to be Rs. 12,832,984. It also provides the cost of acquisition, cost of improvements and the consumer price index (CII) for various financial years for indexing the cost of acquisition.

Uploaded by

MMREDDI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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COMPUTATION OF LTCG

INDEXED COST OF
F.Y CII AMOUNT ACQUISITION
SALE PROCEEDS RECD. 2013-14 939 13250000 13250000
LESS :EXPENSES ON TRANSFER 0
COST OF ACQUISITION 1995-96 281 56250 187967
COST OF IMPROVEMENT 2003-04 463 66359.5 134582
COST OF IMPROVEMENT 2005-06 497 50000 94467
INDEXED COST OF ACQUISITION 417016
LTCG 12832984

ENTER FINANCIAL YEAR IN THE FORM OF : YYYY-YY

CHANGES ALLOWED IN FINANCIAL YEAR AND AMOUNT COLUMNS ONLY


F.Y CII

1981-82 100
1982-83 109
1983-84 116
1984-85 125
1985-86 133
1986-87 140
1987-88 150
1988-89 161
1989-90 172
1990-91 182
1991-92 199
NS ONLY 1992-93 223
1993-94 244
1994-95 259
1995-96 281
1996-97 305
1997-98 331
1998-99 351
1999-00 389
2000-01 406
2001-02 426
2002-03 447
2003-04 463
2004-05 480
2005-06 497
2006-07 519
2007-08 551
2008-09 582
2009-10 632
2010-11 711
2011-12 785
2012-13 852
2013-14 939
2014-15 1024
2015-16 1081
2016-17 1125

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