301 is the Cost of Inflation for FY 2020-21

301 is the Cost of Inflation for FY 2020-21

Government notifies Cost Inflation Index (CII) for F Y 2020-21 at ‘301’As per the Income tax Act, the Central Government is empowered to notify the cost inflation index for every year. Accordingly, it has notified the CII for current financial year 2020-21 at 301. It...