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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Updates Cost Inflation Index for Financial Year 2011-12 to 785 under Income-tax Act, 1961.</h1> The Central Government has amended the notification from the Ministry of Finance, Central Board of Direct Taxes, regarding the Cost Inflation Index under the Income-tax Act, 1961. This amendment, dated June 23, 2011, introduces a new entry for the financial year 2011-12, assigning it a Cost Inflation Index of 785. This change follows the existing entries in the notification originally issued on August 20, 1998.
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