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Capital gains – I-T dept Notifies Cost Inflation Index for financial year 2010-11 or Assessment Year 2011-12
Section 48, Explanation (v) of the Income-tax Act, 1961 – Capital gains – Computation of – Notified Cost Inflation Index for financial year 2009-10 – Amendment in Notification No. S.O. 2292(E), dated 9-9-2009
Notification No. 59/2010 [F.No.142/11/2010-TPL], dated 21-7-2010
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 of Direct Taxes number S.O. 2292(E), dated the 9th September, 2009, namely:-
In the said notification, in the Table, after serial number 29 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-
| “30 | 2010-2011 | 711” |
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kindly clarify that cost of inflation index for long term capital gain for F.Y.2011 12
I had purchased a plot of land through a Govt Scheme for a net cost of Rs. 4,80,000.00. I had paid Rs. 1,40,000 initially in Jan 99 and the balance was paid in 10 half yearly installments which had a principal component and an interest component. I sold the plot in Oct 2010. What would may capital gains be?
What is COST INFLATION INDEX for F.Y. 2011-12.
Is the “capital gain index” for Annual Year 2011-12 is declared ?
I want to confirm the capital gain index for a.y.2011-12-is it 711?
Plz send on my e-mail id TDS Basic Details & Information of TDS & which section deduction of an under TDS Act?