Change in Long Term Capital Gain

Last updated at Dec. 16, 2024 by

Existing (Financial Year 2016 - 2017 or AY 2017-18)

If Asset held for more than 3 years,it is a Long Term Capital Asset and Long Term Capital Gain will be charged on it.

New(Financial Year 2017 - 2018 or AY 2018-19)

If Asset held for more than 2 years,it is a Long Term Capital Asset and Long Term Capital Gain will be charged on it.

Indexation

Existing (Financial Year 2016 - 2017 or AY 2017-18)

  • On Long Term Capital Gain,Indexation will be applicable on Asset
  • Base Year is 1981
  • For Assets held before 1/4/1981,FMV as on 1/4/1981 is applicable
Financial Year CII Financial Year CII Financial Year CII
Before 1/4/1981 100 1992-93 223 2004-05 480
1981-82 100 1993-94 244 2005-06 497
1982-83 109 1994-95 259 2006-07 519
1983-84 116 1995-96 281 2007-08 551
1984-85 125 1996-97 305 2008-09 582
1985-86 133 1997-98 331 2009-10 632
1986-87 140 1998-99 351 2010-11 711
1987-88 150 1999-00 389 2011-12 785
1988-89 161 2000-01 406 2012-13 852
1989-90 172 2001-02 426 2013-14 939
1990-91 182 2002-03 447 2014-15 1024
1991-92 199 2003-04 463 2015-16 1081

New(Financial Year 2017 - 2018 or AY 2018-19)

  • On Long Term Capital Gain,Indexation will be applicable on Asset
  • Base Year is 2001
  • For Assets held before 1/4/1981,FMV as on 1/4/2001 is applicable
Financial Year CII Financial Year CII
2001-02 100 2009-10 148
2002-03 105 2010-11 167
2003-04 109 2011-12 184
2004-05 113 2012-13 200
2005-06 117 2013-14 220
2006-07 122 2014-15 240
2007-08 129 2015-16 254
2008-09 137 2016-17 264

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.