CII (Cost Inflation Index) for F.Y. 2013-14 (A.Y.- 2014-15)

Posted on: June 11th, 2013 by kcjmadmin

CII

Every year, Income Tax department has notified Cost Inflation Index. CII is very useful to calculate Capital Gain Tax on Property. Whenever, indexation is used while calculating Long Term Capital Gain, Cost Inflation Index is used to find out Taxable Capital Gain or Loss.

CII for FY 2013-14

On 6th day of June, 2013 Income Tax Department  has issued a notification No.40/2013/F.No.142/7/2013-TPL to declare Cost Inflation Index for FY 2013-14  as 939.  Look at the full text of such notification.

New Delhi, the 6th day of June, 2013
S.O. 1464(E) – In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:-

2. In the said notification, in the Table, after serial number 32 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-
Sl. No. Financial Year Cost Inflation Index
(1) (2) (3)

Sl. No   FinancialYear
                                   Cost Inflation Index
     (1)           (2)                                 (3)
“33       2013-14               939”

[Notification No.40/2013/F.No.142/7/2013-TPL]

 

Full Table of CII from 1981

 

Financial Year Cost Inflation index(CII)
2013-14 939
2012-13 852
2011-12 785
2010-11 711
2009-10 632
2008-09 582
2007-08 551
2006-07 519
2005-06 497
2004-05 480
2003-04 463
2002-03 447
2001-02 426
2000-01 406
1999-2000 389
1998-99 351
1997-98 331
1996-97 305
1995-96 281
1994-95 259
1993-94 244
1992-93 223
1991-92 199
1990-91 182
1989-90 172
1988-89 161
1987-88 150
1986-87 140
1985-86 133
1984-85 125
1983-84 116
1982-83 109
1981-82 100
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