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Cost Inflation Index for F.Y. 2011-12 is 785

NOTIFICATION NO. 35/2011 [F. NO. 142/5/2011-TPL], DATED 23-06-2011 
 

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. 709(E), dated the 20th August, 1998, namely :—

In the said notification in the Table, after serial number 30 and the entries relating thereto, the following serial number and entries shall be inserted, namely :—]

 

 
"31
2011-12
785"


Comments

  1. Anonymous12:10 PM

    how does CII calculated?

    ReplyDelete
  2. Anonymous11:29 AM

    PM, FM and CBDT chief gather in a room. They put their bids (how much money to make this year by corruption) and take the average. the first two digits are added to last years' CII to arrive at this years CII.

    No jokes. ;-))

    ReplyDelete
  3. Anonymous11:32 AM

    It missed my number (786) by one. I am saved. - GOD

    ReplyDelete
  4. Anonymous2:16 PM

    TAKE WHATEVER THEY GIVE. NO CHOICE.... ..??

    ReplyDelete

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