We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Indexed cost of acquisition adjusts purchase cost for inflation using prescribed CII ratio to compute capital gains tax base. Clause 52 sets the indexed cost formulas for capital gain computation: indexed cost = A x B/C. For acquisition, A is the cost of acquisition, B is the Cost Inflation Index for the financial year of transfer, and C is the Cost Inflation Index for the financial year of acquisition or for the financial year beginning on the first day of April 2000, whichever is later. For improvement, A is the cost of improvement and C is the Cost Inflation Index for the financial year in which the improvement occurred or that same reference financial year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Indexed cost of acquisition adjusts purchase cost for inflation using prescribed CII ratio to compute capital gains tax base.</h1> Clause 52 sets the indexed cost formulas for capital gain computation: indexed cost = A x B/C. For acquisition, A is the cost of acquisition, B is the Cost Inflation Index for the financial year of transfer, and C is the Cost Inflation Index for the financial year of acquisition or for the financial year beginning on the first day of April 2000, whichever is later. For improvement, A is the cost of improvement and C is the Cost Inflation Index for the financial year in which the improvement occurred or that same reference financial year.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
