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Indexation

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2015 Sirs,
One of my client has sold a property for 1.44 crores . The cost of acquisition is ,Rs.20000/- in 1972-73.How to calculate indexation cost ,as index is available from 81-82.Please advise
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 February 2015 Take market value as on 1-4-1981 and apply index there after.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2015 The market value is 1 lac as on 1981,will you please tell the calculation



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 February 2015 Index as on 1-4-81 100
Index for 2014-15 1024

The calculation is 1,00,000*1024/100

The indexed cost is 10,24,000.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2015 Thank you very much sir

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