2.40 Process Indexation Maintenance Detail

This topic provides the systematic instructions to maintain indexation values.

Setting up Indexation Values

Investors may opt for indexation to be applicable for the computation of income or capital gains on earnings from investments, on which capital gains tax can be applied. You must maintain the indexation values to be applicable for specific periods, which can then be applied for the computation of capital gains income.

You maintain indexation values to be applicable within a specific period bounded by a From Date and a To Date.

1. On Home screen, type UTDINDEX in the text box, and click Next.
   The Indexation Maintenance Detail screen is displayed.

   Figure 2-51 Indexation Maintenance Detail

   
   

   
   Description of "Figure 2-51 Indexation Maintenance Detail"

   
   
2. Specify the indexation value to be applicable between two given dates. Any transactions allocated between those two dates, which result in application of capital gains tax with indexation, will use these values for the tax computation.
3. On Indexation Maintenance Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 2-53 Indexation Maintenance Detail - Field Description

   Field	Description
   From Date	Date Format; Mandatory Specify the date on and following which the indexation value is to be applicable, for computation of capital gains income.
   To Date	Date Format, Mandatory Specify the date up to which the indexation value is applicable for computation of capital gains income.
   Indexation	Numeric; 22 Characters; Mandatory Specify the indexation value that is to be applicable between the From and To dates that you have specified. You cannot specify duplicate indexation values for a period, and for a given range, you can only specify one value.