Page 346 - DCOM301_INCOME_TAX_LAWS_I

Unit 12: Income under the Head Capital Gains

5 1985-86 133 Notes
6 1986-87 140
7 1987-88 150
8 1988-89 161
9 1989-90 172
10 1990-91 182
11 1991-92 199
12 1992-93 223
13 1993-94 244
14 1994.95 259
15 1995-96 281
16 1996-97 305
17 1997-98 331
18 1998-99 351
19 1999-00 389
20 2000-01 406
21 2001-02 426
22 2002-03 447
23 2003-04 463
24 2004-05 480
25 2005-06 497
26 2006-07 519
27 2007-08 551
28 2008-09 582
29 2009-10 632
30 2010-11 711
31 2011-12 785
32 2012-13 852
33 2013-14 939

Notes If capital assets were acquired before 1.4.81, the assessees has the option to have
either actual cost of acquisition or fair market value as on 1.4.81 as the cost of acquisition.
If assesses chooses the value as on 1.4.81 then the indexation will also be done as per the
CII of 1981 and not as per the year of acquisition.

12.5.2 Cost of Improvement

Cost of improvement is the capital expenditure incurred by an assessee for making any addition
or improvement in the capital asset. It also includes any expenditure incurred in protecting or
curing the title. In other words, cost of improvement includes all those expenditures, which are
incurred to increase the value of the capital asset.

CII of Year of transfer
Indexed Cost of improvement = COA ×
CII of Year of improvement

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