Cost inflation index for FY 2020-21 used for LTCG calculation notified by finance ministry
The Cost Inflation Index (CII) for the financial year (FY) 2020-21 has been notified as 301 by the Ministry of Finance. The notification is dated June 12, 2020. For the previous financial year CII was 289. This number is important as it is used to arrive at the inflation adjustedContinue Reading