How cost inflation index helps you bring down your tax liability on LTCG

The CBDT has set the CII for FY2019-20 as 289, from 280 in FY2018-19. The base year for CII was changed from 1981 to 2001 through the Finance Act, 2017.You can bring down your tax liability on LTCG, by adjusting the investment amount against the CII value of the relevant financial years of purchase and sale
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