Cost inflation index for fy2011-12

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anckoora (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 December 2011 Cost inflation index is 785.

anckoora

anckoora (Querist)
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03 December 2011 Dear Sir,

thanks for reply, but,

sir, please give reply to my point no.s.

regards anckoora

Hitender Gaur

Hitender Gaur (Expert)
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03 December 2011 Please visit the below given link/url:
https://taxguru.in/income-tax/cost-inflation-index-meaning-and-index-for-all-the-years.html

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