Hi,
I recently learnt about CII used for measuring fair value changes used for selling properties.
I read CII table and for 2011 it is 200₹ and 2021 it is 300₹.
House was purchased in 2011 for 10,000₹ as per the CII
Now when I am selling it, value of home in 2011*CII for 2021.
Why should 2021 CII be divided with 2011 CII? Any mathematical principle?
Sorry for posting my query in a wrong way, I meant there should be CII tables because it is time consuming to revalue 100 land and buildings for my company. Then all I have to do is, 10000*CII value
The base value is included in the denominator because w.r.t. to this base value (index), the current value adjusted for inflation is computed. Otherwise we would not have any basis to compute inflation rate.
If I could, I will publish a table as it’s easy to crate like PV tables. But the data is not readable because it’s too vast.
I cannot accept less than Saurav. I also want a website which will publish all problems for free. I don’t like to search for everything,
So many things not there in the reporting books, eg discounting and unwinding. Why should I search online when I have a text book
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CCI
Pro
CAclubindia
