CBDT (Central Board of Direct Taxes) has notified the Cost Inflation Index (CII) for the Financial Year 2013-14 at 939 vide Notification no.40/2013[F.NO.142/7/2013-TPL]/SO 1464(E), Dated June 6, 2013.
Now Indexation of Cost of Acquisition and Cost of Improvement in Long Term Capital Gain Calculation is to be done by taking 939 as Index for Financial year 2013-14.
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Tarun Kumar Gupta
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