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Cost Inflation Index

Cost Inflation Index Up to 2011-12 [Updated: June 2011]

For computing long-term capital gains, ‘indexed cost of acquistion’ and ‘indexed cost of imporvement’ are required to be deducted from the full value of consideration of the capital asset. Both these costs are thus required to be indexed with respect to the cost inflation index pertaining to the year of transfer. Cost Inflation Index from 1981-82 to 2011-12 FINANCIAL YEAR COST INFLATION INDEX FINANCIAL YEAR COST INFLATION INDEX 1981-82 100 1982-83 109 1983-84 116 1984-85 .....

Cost Inflation Index f.y 2010-11 Notified

The CBDT has issued a Notification on Cost Inflation Index 2010-11. The same is reproduced below for your ready reference: NOTIFICATION NO 59/2010,Dated: July 21, 2010 In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board .....