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Cost Inflation Index (2010-11) - Capital Gains

 

Date: July 23, 2010

CBDT has notified the Index factor for 2010-11, for the purpose of Capital Gains computations. The notified index factor is to “711” units. The notification is provided below:

 

--------------------------- Notification ---------------------------

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 :-

Sl. 30                                      2010-2011                                            711

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