I wish to know the Cost Inflation Index - as declared by IT deptt. for the current financial year 2006-07.
R.K.Khetan
2007-02-11 19:47:17 · 3 answers · asked by chambalmaster 1 in Business & Finance ➔ Taxes ➔ India
Inflation Index for the year 2006-07 is 519. It has been declared about 4 months back.
The circular number of the Income Tax department is Notification No. 270 of 2006 dated September 19, 2006 has notified the index for the year 2006-07 at 519.
2007-02-12 00:40:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This u could have checked in the ready reckoner or IT departments website.
But for ur information it is 497 points for assessment year 2006 - 07 and for financial year ending 31st March 2007 it will be declared in the coming budget.
2007-02-12 05:07:00 · answer #2 · answered by nature_luv 3 · 0⤊ 0⤋
CII FOR 2006-07 IS 519
2007-02-12 05:16:10 · answer #3 · answered by srinivasan r 1 · 0⤊ 0⤋