Cost Inflation Index for Financial year 2010-11

Cost Inflation Index for Financial year 2010-11 has been notified by CBDT vide his circular 59/2010 dated 21.07.2010. This New index figure is to be used to calculate Long term capital gain on the sale of capital assets during Financial Year 2010-11.Further I have complied Cost inflation index from 1981-2011 in sheet shown below ,which can also be downloaded in pdf format from the link given in the sheet.

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 :-

Financial Year (CII) Financial Year (CII)
1981-82 100 1995-96 281
1982-83 109 1996-97 305
1983-84 116 1997-98 331
1984-85 125 1998-99 351
1985-86 133 1999-2000 389
1986-87 140 2000-2001 406
1987-88 150 2001-2002 426
1988-89 161 2002-2003 447
1989-90 172 2003-2004 463
1990-91 182 2004-2005 480
1991-92 199 2005-2006 497
1992-93 223 2006-2007 519
1993-94 244 2007-2008 551
1994-95 259 2008-2009 582
2009-10 632
2010-11 711