Cost Inflation Index is very important index as it helps you to compute the indexed cost for the purpose of computing capital gains. Therefore, if you sell any long term asset in FY 2010-11 , you will require to compute the indexed cost for the purpose computing capital gains in FY 2010-1

Archived; click post to view. Excerpt: While computing gains from share transactions whether treated as capital gains or profit from business brings issue of deduction of  the expense of Securities transaction tax (STT) cost immediately in the mind of an assessee. Vivek Sharma , Ghaziabad asks ” I had a question about expending STT for [...]