Cost Inflation Index update: revised indices for recent financial years to apply from the assessment year commencing after April. Amendment to the Explanation to Section 48 adds new Cost Inflation Index table entries: CII for financial year 2018-19 set at 280 and an entry for 2019-20 set at 289; the amendment is effective from 1 April 2019 and applies to Assessment Year 2019-20 and subsequent years, with a note that the 2019-20 entry was later inserted by Notification No. 63/2019 effective 1 April 2020.
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Cost Inflation Index update: revised indices for recent financial years to apply from the assessment year commencing after April.
Amendment to the Explanation to Section 48 adds new Cost Inflation Index table entries: CII for financial year 2018-19 set at 280 and an entry for 2019-20 set at 289; the amendment is effective from 1 April 2019 and applies to Assessment Year 2019-20 and subsequent years, with a note that the 2019-20 entry was later inserted by Notification No. 63/2019 effective 1 April 2020.
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