COST INFLATION INDEX 2011-12 FINANCIAL YEAR 1981-2012

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Cost Inflation Index for Financial year 2011-12 has been notified by CBDT vide his circular 35/2011 dated 23.06.2010. This New index figure is to be used to calculate Long term capital gain on the sale of capital assets during Financial Year 2011-12.Further Cost inflation index from 1981-2012 in sheet shown below ,which can also be downloaded in pdf format from the link given in the sheet.Cost inflation Index to be used to calculate the Index cost of Capital asset sold in case of long term capital gain.

To calculate Indexed cost ,cost of asset is to be divided by cost inflation index of year in which asset has been acquired and multiply by CII of year in which asset has been Sold .

COST INFLATION INDEX FOR FINANCIAL YEAR 2011-12


COST INFLATION INDEX FOR FINANCIAL YEAR 2012-13 is available here 


NOTIFICATION NO. 35/2011 [F. NO. 142/5/2011-TPL], DATED 23-6-2011

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 of Direct Taxes number S.O. 709(E), dated the 20th August, 1998, namely :—
In the said notification in the Table, after serial number 30 and the entries relating thereto, the following serial number and entries shall be inserted, namely :—

"31
2011-12
785"



COST INFLATION INDEX FOR FINANCIAL YEAR 2012-13 is available here 

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