Cost Inflation Index
Cost inflation index (CII) as notified by Central Government from 1981-82 to 2018-19 is as under-
(i) Cost Inflation Index- applicable on or after 01.04.2017-
Up to financial year 2016-17, capital gain was calculated with 1981 as the base year, means that the purchase price of an asset bought before April 1, 1981 could be calculated on the basis of the fair market value of 1981.
Now on, the purchase price will be calculated based on the fair market value of 2001. Accordingly, capital gains on assets acquired before 1 April, 2001 will also be calculated using fair market value as on 2001 and the cost of improvement shall include only those capital expenses which are incurred after 01.04.2001.
Cost inflation index for Long Term Capital Assets sold after 01.04.2017 as notified by CBDT Notification No. 44/2017 dated 05.06.2017–
S. No.
|
Financial Year
|
Cost Inflation Index
|
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
|
18
|
2018-19
|
280
|
(ii) Cost Inflation Index- applicable from Financial Year 1981-82 To Financial Year 2016-17-
S. No.
|
Financial Year
|
Cost Inflation Index
|
1
|
1981-1982
|
100
|
2
|
1982-1983
|
109
|
3
|
1983-1984
|
116
|
4
|
1984-1985
|
125
|
5
|
1985-1986
|
133
|
6
|
1986-1987
|
140
|
7
|
1987-1988
|
150
|
8
|
1988-1989
|
161
|
9
|
1989-1990
|
172
|
10
|
1990-1991
|
182
|
11
|
1991-1992
|
199
|
12
|
1992-1993
|
223
|
13
|
1993-1994
|
244
|
14
|
1994-1995
|
259
|
15
|
1995-1996
|
281
|
16
|
1996-1997
|
305
|
17
|
1997-1998
|
331
|
18
|
1998-1999
|
351
|
19
|
1999-2000
|
389
|
20
|
2000-2001
|
406
|
21
|
2001-2002
|
426
|
22
|
2002-2003
|
447
|
23
|
2003-2004
|
463
|
24
|
2004-2005
|
480
|
25
|
2005-2006
|
497
|
26
|
2006-2007
|
519
|
27
|
2007-2008
|
551
|
28
|
2008-2009
|
582
|
29
|
2009-2010
|
632
|
30
|
2010-2011
|
711
|
31
|
2011-2012
|
785
|
32
|
2012-2013
|
852
|
33
|
2013-2014
|
939
|
34
|
2014-2015
|
1024
|
35
|
2015-2016
|
1081
|
36
|
2016-2017
|
1125
|