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Finance Ministry notifies cost inflation index (CII) for FY 2019-20

The cost inflation index (CII) for the financial year (FY) 2019-20 has been notified by the Ministry of Finance. In a notification dated September 12, the finance ministry stated that CII for FY 2019-20 has been set as 289. For the previous financial year, CII was 280. This number is important as it is used to arrive at the inflation-adjusted cost of acquisition of assets where indexation benefit is allowed and thereby long-term capital gains (LTCG).

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