Ministry of finance has notified cost of inflation index (CII) as 317 for the purpose of calculation of capital gain vide Notification No. 73/2021/F.No. 370142/10/2021-TPL dated 15th June 2021.
The cost of inflation index is used to calculate long term capital gain on sale of assets other than equity shares and equity oriented mutual funds. The CII is used to calculate inflated cost of asset which we are going to sale. To Know more about capital gain tax please join taxation course in Ahmedabad.