Indexing is wrong to me

It is the rule prescribed by Income Tax authorities.

Sales year CII is to be taken as numerator and purchase year CII as denominator.

Purchase value is divided by CII of purchase year and multipled by CII of sales year to check the actual value. of property as on sales year

means

CII for 2011 is 200 and purchase value is 10000

so cost of acquisition will be 10000 divided by 200

CII of 2021 is 300

so for the year 2021 actual value of property in that year CII of 2021 should multipled to 10000 divided by 200*300

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 also have same opinion with poornima

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