Cost Inflation Index for Financial Year 2012-2013 is 852 and for Year 2011-2012 is 785.
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 further 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:- Check Cost of Inflation Index Chart from 1981 to 2013 and how to calculate index cost of asset
In the said notification, in the Table, after serial number 31 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-How to Calculate Indexed Cost of Acquisition & Improvement
Cost Inflation Index