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Cost Inflation Index- F.Y.2006-07? |
I had purchased a residential flat on 8th may 1998 which I sold on 24 April 2006. Now I wish to invest the net Capital Gains in some "Capital Gains Bonds"-such as NHAI/REC as early as possible, but unfortunately so far, I could not obtain the "Cost Inflation Index for the financial year 2006-07". Under such circumstances, how to work out the indexed cost of acquisition and know the exact amount of net Capital Gains? Please enlighten. I think cost inflation index for 2006-07 will come only at the financial yr end. Although it is published every week but for financial year it will be declared only at year end. Consult your tax consultant for investment in NHAI/REC bonds |
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