785 is the cost inflation index for FY 2011 – 12

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The Central Government  vide notification No. 35/2011 dated 23-6-2011 has announce Cost Inflation Index for FY 2011-12 at 785. Cost inflation Index is important whenever you sell or plan to sell your long term assets and want to calculate the Long Term Capital Gain Tax Liability.This  index is then used to determine inflated cost of…

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