Calculation of Indexed acquisition cost of a property

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Naveen Poonia (Querist)
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04 January 2023 I Have few doubts regarding how to calculate Indexed acquisition cost of a property. These are:-

1. Property was purchased in FY 2009-10 & 85% money was paid to builder. Registration & Sale Agreement was carried out same time. But as it was under construction property, Possession was given in FY 2010-11 & rest 15% paid. So Which year CII will be used for indexation purpose?
2. Stamp duty & registration charges paid during purchasing of this property will be added in property cost or not?
Please clear my doubt.
Thank you

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 January 2023 1. Take CII for FY 2010-11.
2. Yes, if you had not claimed it u/s. 80C of the act.

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Naveen Poonia

Naveen Poonia (Querist)
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04 January 2023 Cant CII can used for the year (FY2009-10) in which the registration of the property was done & maximum payment has been made? Kindly confirm

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 January 2023 For Capital gains on house property, possession is considered as date of acquisition.

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