Highest Ever Cost Inflation Index Notified For FY 2009-10!
September 13, 2009 by taxworry · Leave a Comment
Highest ever Cost Inflation Index notified by Central Govt. The cost inflation index is used when you compute the long term capital gains on sale of a capital asset. Therefore, higher CII means, less taxable lng term gains. Read the notification below
NOTIFICATION NO : 67/2009, Dated: September 9, 2009In 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 28 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-
“29 2009-10 632”F.No.142/13/ 2009-TPL
(Vijay Kumar Jaiswal)
Under Secretary (TPL-IV)
Complete list of Cost Inflation Index since 1981 is as under:
If you found this page useful, consider linking to it.
Simply copy and paste the code below into your web site (Ctrl+C to copy)
It will look like this: Highest Ever Cost Inflation Index Notified For FY 2009-10!