[BML]

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 Year CII Change in Percentage (%) Financial Year CII Change in Percentage (%)
2001-02 100 – 2011-12 184 10.18
2002-03 105 5 2012-19 200 8.69
2003-04 109 3.81 2013-14 220 10.00
2004-05 113 3.67 2014-15 240 9.09
2005-06 117 3.54 2015-16 254 5.83
2006-07 122 4.27 2016-17 264 3.94
2007-08 129 5.74 2017-18 272 3.03
2008-09 137 6.20 2018-19 280 2.94
2009-10 148 8.03 2019-20 289 3.21
2010-11 167 12.84 2020-21 301 4.15