NOTIFICATION NO. 59/2010, DATED July 21, 2010
SECTION 48, EXPLANATION (V) OF THE INCOME-TAX ACT, 1961 – NOTIFIED COST INFLATION INDEX FOR FINANCIAL YEAR 2010-2011
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 specifies the Cost Inflation Index for the Financial Year commencing from the 1st day of April, 2010 and ending on the 31st day of March, 2011 and for that purpose further 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.2292(E), dated the 9th September, 2009, namely:-
In the said notification, in the Table, after serial number 29 and the entries relating, thereto, the following serial number and entries shall be inserted, namely :—
____________________________________________________________
“30 2010-11 711”
CAclubindia
