Cost Inflation Index (CII) for years before 1981

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  1. Karan14548

    Karan14548 New Member

    Where can I get Cost Inflation index prior to 1980>
    My grandmother purchased a property in 1962 and gave it to me by Will in 2008. I sold it in 2014
    I wish to calculate my CG Tax.
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    The concept of Cost Inflation Index was introduced in the year 1981 itself and it has not been released from assets purchased before 1981.

    To compute the Indexed Cost of Acquisition for properties purchased before 1981, you would be required to estimate the market value of the property as on 01-04-81 and then apply the cost inflation index to this market value.
     
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