My investment in a Capital Protection fund just matured after completing 3+ years and I am trying to determine the income tax liability for long term capital gains. From reading your past blogs, I understand that long term capital gains are taxed @20% with indexation. So, please advise how I can obtain the cost inflation index for the year of purchase (2013) and year of maturity (2016)?
You are right. The long term capital gains tax on debt funds (if units are held for more than three years) is applicable @20% with indexation + 15% surcharge + 3% Cess = Total 23.69%
The cost inflation index from 2012-13 to 2016-17 is as follows –
2012-13 – 852
2013-14 – 939
2014-15 – 1024
2015-16 – 1081
2016-17 – 1125
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