Cost Inflation Index for Financial Year 2020-21 Notified

Cost Inflation Index for Financial Year 2020-21 Notified

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’.

Cost Inflation Index:- Past Cost inflation index (CII) as notified by Central Government along with analysis of the same is as under from Financial Year 2000-01 to 2020-21:

Financial YearCIIChange in Percentage (%)Financial YearCIIChange in Percentage (%)
2001-021002011-1218410.18
2002-0310552012-192008.69
2003-041093.812013-1422010.00
2004-051133.672014-152409.09
2005-061173.542015-162545.83
2006-071224.272016-172643.94
2007-081295.742017-182723.03
2008-091376.202018-192802.94
2009-101488.032019-202893.21
2010-1116712.842020-213014.15

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