TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Govt Amends Income-Tax Act Section 48: Adds Cost Inflation Index for FY 2020-21 with Value 301 Effective April 2021.</h1> The Central Government, through the Ministry of Finance's Department of Revenue, has issued Notification No. 32/2020, amending the previous Notification No. 44/2017 dated 5th June 2017. This amendment pertains to the Income-tax Act, 1961, specifically under section 48. It introduces a new entry in the cost inflation index table, adding serial number 20 for the financial year 2020-21 with an index value of 301. This amendment will be effective from 1st April 2021 and applicable to the assessment year 2021-22 and subsequent years.
TaxTMI 
