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 adjusted purchase price of assets and thereby long-term capital gains (LTCG) on it when it is sold. This index will be used to compute the long-term capital gains/long-term capital losses (LTCL) on assets such as property