Cost Inflation Index for Financial Year 2020-21 Notified

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  • July 10, 2020 at 5:21 am #3046725
    cafornri
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    Central Board of Direct Taxes (CBDT) the premier body regulating tax laws in India on Friday, June 12th 2020 published Cost Inflation Index (CII) for Financial Year 2020-2021 or Assessment Year 2021-2022 vide Notification No. 32/2020. Cost Inflation Index helps taxpayer calculation Long Term Capital Gain on sale of Long Term Capital Assets.

    The Cost Inflation Index multiplier to be used for AY 2021-2022 notified is ‘301’.

    Cost Inflation Index notified for AY 2020-2021, i.e. for the previous year is ‘289’.

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