I-T Department notifies cost inflation index for FY22 for computing long-term capital gains
The Hindu
The Central Board of Direct Taxes on June 15 notified the cost inflation index for the current fiscal (2021-22).
The Income Tax Department has notified the cost inflation index for current fiscal beginning April 2021 for calculating long-term capital gains arising from sale of immovable property, securities and jewellery. The cost inflation index (CII) is used by taxpayer to compute gains arising out of sale of capital assets after adjusting inflation. The Central Board of Direct Taxes (CBDT) on June 15 notified the cost inflation index for the current fiscal (2021-22).
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