COST INFLATION INDEX 2001 SERIES RELEASED

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In Budget-2017 ,Major change has been made regarding calculation of Capital gain.

One of them is that base year of cost inflation index has been shifted from 1981 to 2001.By doing this capital appreciation during 1981-2001 has been effectively exempted.

For capital assets acquired before 01.04.2001,Market price or cost price as on 01.04.2001 is to be considered as cost price for calculation of Capital gain.
Now CBDT has issued revised Cost inflation Index from 2001 on wards up to financial year 2017-18.which is reproduced as under for your ready reference.

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