COST INFLATION INDEX (CII) NOTIFIED FOR THE F.Y. 2015-16 IS “1081”

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Business Mantra: Faridabad

CA Chanchal Singhal (Author is a practicing Chartered Accountant and may be reached at info@businessmantranews.com)

CBDT notifies on 25th July 2015 Cost Inflation Index for the F.Y. 2015-16 to be ‘1081’. Cost Inflation Index is a measure of inflation which is used for computation of Long Term Capital Gain and thus its knowledge is very necessary.

For computing Long Term Capital Gain, indexed cost of purchase of asset is calculated by applying CII and then deducted from Full sale consideration of the asset.

CBDT notifies CII every year. The CII notified so far for all the years is listed below:

 

Financial Year      Cost Inflation Index    Financial Year           Cost Inflation Index

1981 – 82                    100                      1997 – 98                    331

1982 – 83                    109                      1998 – 99                    351

1983 – 84                    116                      1999 – 00                    389

1984 – 85                    125                      2000 – 01          406

1985 – 86                    133                      2001 – 02          426

1986 – 87                    140                      2002 – 03          447

1987 – 88                    150                      2003 – 04                    463

1988 – 89                    161                      2004 – 05                    480

1989 – 90          172                     2005 – 06                    497

1990 – 91                    182                      2006 – 07                    519

1991 – 92                    199                      2007 – 08                    551

1992 – 93                    223                      2008 – 09                    582

1993 – 94                    244                      2009 – 10                   632

1994 – 95                    259                      2010 – 11          711

1995 – 96                   281                      2011 – 12                    785

1996 – 97                    305                      2012-13             852

2013-14             939                     2014 – 15                   1024

2015-2016                  1081

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