Cost inflation index for fy2011-12
This query is : Resolved
03 December 2011
Please give me following informations :
(1)Provide me Cost Inflation Index for FY 2011-12 to count Long Term Capital Gain Tax.
(2) On 24.12.2010, I invested 50 lacs for 369 days in Reliance's Fixed Maturity Plan (FMP) @ 9.60% int. p.a. Now, it will mature on 26.12.2012. I will receive interest of Rs. 485000/- (approx). I am in 30% Tax Slab. Now, Should I go for 10% LTCG on this Income OR Cost Inflation Index ? Which will save my more tax ? PL. GIVE ME CALCULATION OF LTCG IN BOTH THE CASES.
Thanks in advance.
anckoora
(1)Provide me Cost Inflation Index for FY 2011-12 to count Long Term Capital Gain Tax.
(2) On 24.12.2010, I invested 50 lacs for 369 days in Reliance's Fixed Maturity Plan (FMP) @ 9.60% int. p.a. Now, it will mature on 26.12.2012. I will receive interest of Rs. 485000/- (approx). I am in 30% Tax Slab. Now, Should I go for 10% LTCG on this Income OR Cost Inflation Index ? Which will save my more tax ? PL. GIVE ME CALCULATION OF LTCG IN BOTH THE CASES.
Thanks in advance.
anckoora
03 December 2011
Cost inflation index is 785.
03 December 2011
Dear Sir,
thanks for reply, but,
sir, please give reply to my point no.s.
regards anckoora
thanks for reply, but,
sir, please give reply to my point no.s.
regards anckoora
03 December 2011
Please visit the below given link/url:
http://taxguru.in/income-tax/cost-inflation-index-meaning-and-index-for-all-the-years.html
http://taxguru.in/income-tax/cost-inflation-index-meaning-and-index-for-all-the-years.html
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