Calculation on Indexed cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2010
Sir,
I booked a plot with initial booking amount of rs 1 lacs in 1996 and then paid balance rs 9 lacs over a period in installments till 2002 & took possesion in 2004. How do I calculate my cost of indexation & which year should I take as year of acquisition to calculate indexed cost.
I booked a plot with initial booking amount of rs 1 lacs in 1996 and then paid balance rs 9 lacs over a period in installments till 2002 & took possesion in 2004. How do I calculate my cost of indexation & which year should I take as year of acquisition to calculate indexed cost.
13 September 2010
Indexed cost is to be calculated with present year reference.
Cost is to be taken from 1996 to 2002 as & when it was paid.
Then you can calculate the indexed cost for each payment with the present year vis-a-vis the COI of that particular year.
The sum of all of above will be Indexed cost of acquisition.
Cost is to be taken from 1996 to 2002 as & when it was paid.
Then you can calculate the indexed cost for each payment with the present year vis-a-vis the COI of that particular year.
The sum of all of above will be Indexed cost of acquisition.
13 September 2010
agreed, cost of indexation will be made payment wise.
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