Indexed cost of acquisition for fy 2020-19
Cost Inflation Index (CII) is a measure of inflation. And it is used when computing long-term capital gains on transfer (sale,exchange etc.) of capital assets. While computing Long term Capital Gain, Cost Inflation Index (CII) is used for computing Indexed cost of acquisition and Indexed Cost of improvement. The Central Board of Direct Taxes will soon declare cost inflation index (CII) numbers for the current financial year. If you plan to sell your property, calculate the indexed cost of property