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CBDT notifies ‘301’ as Cost Inflation Index for FY 2020-21

June 27, 2020
The cost of inflation index (CII) has been notified by the Central Board of Direct Taxes (CBDT) every year. CII is used to compute Long term capital gains wherein the cost of acquisition/improvement is indexed with reference to the applicable CII of the relevant year. CBDT has notified ‘301’ as CII for the Financial Year 2020-21
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