September 10, 2009

Dear All,

The Cost Inflation Index for the current financial year (F.Y. 2009-10) which would be required for the purpose of computing long term capital gains has been notified by the Govt. The text of the notification is reproduced below. We trust this would be useful to you for computing the advance tax estimates more accurately.

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:-

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.

Regards

Deepak Shah & Nitin Shingala

Joint Secretaries