Meaning of Indexed cost of Acquisition & Improvement - (New) Section 72(8) / (old) Section 48

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....n 1st April, 2001, whichever is later; Formula  As per Clause (c) of section 72(8) "Indexed Cost of any improvement" means: an amount which bears to the cost of improvement, the same proportion as Cost Inflation Index for the year in which the asset is transferred bears to the Cost Inflation Index for the year in which the improvement to the asset took place; Formula Meaning of  "Cost Inflation Index", in relation to a tax year, means such Index as the Central Government may, having regard to 75% of average rise in the Consumer Price Index (urban) for the immediately preceding tax year to such tax year, by notification, specify, in this behalf; Grandfathering Provision for Land and Building â....

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....am Finance Ltd. Versus The Asst. Commissioner of Income Tax, Chennai 2017 (7) TMI 661 - ITAT Chennai ] Any person Shares in or debentures of an Indian company acquired by utilizing convertible foreign exchange as mentioned in first proviso to Section 48 Non-resident Depreciable Asset (other than an asset used by a power generating unit eligible for depreciation on straight line basis) Any person Market Linked Debenture [Applicable from the A.Y. 2024-25]   Undertaking/ division transferred by way of Slump Sale Any person Units purchased in foreign currency as given in Section 208 • A FII has to be assessed with regard to capital gain/loss under section 115AD and is not entitl....

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....acquisition the same proportion as Cost Inflation Index for the year in which the asset is transferred bears to the Cost Inflation Index for the first year in which the asset was held by the assessee or for the year begin­ning on the 1st day of April, 2001, whichever is later; Upto 31.03.2018 - an amount which bears to the cost of acquisition the same proportion as Cost Inflation Index for the year in which the asset is transferred bears to the Cost Inflation Index for the first year in which the asset was held by the assessee or for the year begin­ning on the 1st day of April, 1981, whichever is later; Formula As per Clause (iv) of the Explanation of section 48 "Indexed Cost of any improvement" me....

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....ent or Sovereign Gold Bond issued by RBI under Sovereign Gold Bond Scheme, 2015 Any person Shares in or debentures of an Indian company acquired by utilizing convertible foreign exchange as mentioned in first proviso to Section 48 Non-resident Depreciable Asset (other than an asset used by a power generating unit eligible for depreciation on straight line basis) Any person Undertaking/ division transferred by way of Slump Sale Any person Units purchased in foreign currency (Section 115AB) Offshore fund GDR purchased in foreign currency (Section 115AC) Non-resident GDR purchased in foreign currency (Section 115ACA) Resident Individual Transfer of securities  by Foreign Institution....