CII of year of purchase?

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  1. debashis jena

    debashis jena New Member

    Hi,

    "Indexed cost of acquisition" = "Actual cost of acquisition" * CII of year of sale/CII of year of purchase.


    In this formula, "CII of year of purchase" - for an under construction flat is this the year of Booking or year in which property was registered by the owner?

    Like I bought a flat and BBA was signed in say year 11-12, however the registry and possession was made in year 15-16, then what's the "year of purchase here?


    Thanks,

    Debashis
     
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