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  • Panchkula C-10

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    This document provides information about a property located in Panchkula, India. It lists the original purchase price in 1997-1998 and cost of renovations in 2018-2019. It then calculates the effective purchase price and renovation costs for 2021-2022 using the Cost Inflation Index published by the Central Board of Direct Taxes to account for inflation. The total effective purchase price of the asset in 2021-2022, according to these CBDT calculations, is 34,78,551.68 Indian Rupees.

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    This document provides information about a property located in Panchkula, India. It lists the original purchase price in 1997-1998 and cost of renovations in 2018-2019. It then calculates the effective purchase price and renovation costs for 2021-2022 using the Cost Inflation Index published by the Central Board of Direct Taxes to account for inflation. The total effective purchase price of the asset in 2021-2022, according to these CBDT calculations, is 34,78,551.68 Indian Rupees.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views3 pages

    Panchkula C-10

    Uploaded by

    siddharth.prod19843503
    This document provides information about a property located in Panchkula, India. It lists the original purchase price in 1997-1998 and cost of renovations in 2018-2019. It then calculates the effective purchase price and renovation costs for 2021-2022 using the Cost Inflation Index published by the Central Board of Direct Taxes to account for inflation. The total effective purchase price of the asset in 2021-2022, according to these CBDT calculations, is 34,78,551.68 Indian Rupees.

    Copyright:

    © All Rights Reserved
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    # FLAT C-10, SECTOR-14, KENDRIYA VIHAR , PANCHKULA - 134109

    COST OF ACQUISITION 1997-1998 700000


    COST OF INFLATION INDEX 1997-1998 (15th July 1997) 331
    COST OF INFLATION INDEX 2001-2002 (OLD BASE) 426
    EFFECTIVE COST OF ACQUISITION 2001-2002 900906.3444109
    COST OF INFLATION INDEX 2001-2002 (NEW BASE) 100
    COST OF INFLATION INDEX 2021-2022 (LATEST) 317
    EFFECTIVE PURCHASE PRICE 2021-2022 AS PER CBDT 2855873.111782

    COST OF RENOVATION 2018-2019 550000


    COST OF INFLATION INDEX 2018-2019 280
    COST OF INFLATION INDEX 2021-2022 (LATEST) 317
    EFFECTIVE COST OF RENOVATION 2021-2022 AS PER CBDT 622678.5714286

    TOTAL EFFECTIVE PURCHASE PRICE OF ASSET 2021-2022 AS PER CBDT RULING 3478551.683211
    https://taxindiaupdates.in/cost-inflation-index/#:~:text=CBDT%20Notified%20Cost%20Inflation%20Index,of%20Ind

    https://www.magicbricks.com/blog/how-to-calculate-capital-gains-tax-on-property-in-india/124146.html

    https://tax2win.in/guide/section-54-of-income-tax-act
    20Inflation%20Index,of%20India%2C%20Extraordinary%20Notification%20No.

    n-india/124146.html

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