For this example, you purchased the gold coin for Rs. 20,000 on FY: 2007-08, when the inflation index was 551 and you sold the same for Rs. 1,00,000 on FY: 2017-18, when the inflation index was 1159.
Hence, today the Rs. 20,000 of FY: 2007-08 should be valued at Rs. 42068.97 (20,000*1159/551), that is known as indexed cost of acquisition, and the profit will be Rs. 57931.03 (1,00,000 - 42,068.97)
The Cost Inflation Index Chart till FY: 2017-18 is given below:
(You can also try our "Money inflation calculator")
2000-01
|
406
|
||
2001-02
|
426
|
||
2002-03
|
447
|
||
2003-04
|
463
|
||
2004-05
|
480
|
||
2005-06
|
497
|
||
2006-07
|
519
|
||
2007-08
|
551
|
||
2008-09
|
582
|
||
2009-10
|
632
|
||
2010-11
|
711
|
||
2011-12
|
758
|
||
2012-13
|
852
|
||
2013-14
|
939
|
||
2014-15
|
1024
|
||
2015-16
|
1081
|
||
2016-17
|
1125
|
||
2017-18
|
1159
|
||
389
|