Today (09.09.2009) Cost Inflation index for Financial Year 2009-10 Has been notified.The Index is to be used for the calculation of Long term capital Gain on Capital assets .More over person who has sold their assets in April & looking to invest money in Bonds is looking for this Notification as time limit for investment as per section 54EC is 6month from date of transfer of capital assets which is going to be expire in October 2009 for such persons.
NOTIFICATION NO : 67/2009, Dated: September 9, 2009
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 28 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-
“29 2009-10 632”
F.No.142/13/ 2009-TPL
(Vijay Kumar Jaiswal)
Under Secretary (TPL-IV)
Note :- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section( ii), vide number S.O.709(E), dated the 20th August, 1998 and was last amended vide number S.O. 2037(E), dated the 13th August, 2008.
COST INFLATION INDEX FROM THE FINANCIAL YEAR 1981-82
Financial Year
(CII)
1981-82
100
1982-83
109
1983-84
116
1984-85
125
1985-86
133
1986-87
140
1987-88
150
1988-89
161
1989-90
172
1990-91
182
1991-92
199
1992-93
223
1993-94
244
1994-95
259
1995-96
281
1996-97
305
1997-98
331
1998-99
351
1999-2000
389
2000-2001
406
2001-2002
426
2002-2003
447
2003-2004
463
2004-2005
480
2005-2006
497
2006-2007
519
2007-2008
551
2008-2009
582
2009-2010
632
