Oct 12 2009

Cost Inflation Index For 2009-10!!!

Central Govt has announced the highest Cost Inflation Index(CII) for the financial year 2009-10. The cost inflation index is used when you  the long term capital gains on sale of a capital asset. Therefore, higher CII means, less taxable lng term gains.

The following is the list of CII for each year:

cii

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  5. What is Capital Gains Account Scheme?

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