CBDT notifies Cost Inflation Index (CII) for Financial Year 2021-22
CBDT has notified the Cost Inflation Index (CII) for the Financial Year 2021-22 vide Notification No. 73/2021 dated 15-06-2021. The Cost Inflation Index for the Financial Year 2021-22 (A.Y. 2022-23) shall be 317 for the purpose of computing long term capital gains.
It should be noted that CBDT notifies CII for each financial year. In the last financial year (2020-21), the CII was 301. Thus, the CII for F.Y. 2021-22 has been increased by 5.32% as compared to the preceding financial year.
Detailed Notification can be accessed at:- https://incometaxindia.gov.in/communications/notification/notification_73_2021.pdf
