Cost Inflation Index for Financial Year 2012-13 Notified by CBDT

Cost Inflation Index for Financial Year 2012-13 Notified by CBDT

 

CBDT has announced the Long awaited Cost Inflation index for the Financial Year 2012-13 . Cost Inflation index is used to calculate Long term capital gain on sale of Capital assets.

Long term capital gain in case of assets other than securities is applicable where holding period of asset is more than 3 years and in case of securities the period is one year.

 

Capital Gain Index for Financial year 2012-13 is 852