Cost Inflation Index for Financial Year 2018-19 as 280

CBDT has notified Cost Inflation Index for Financial Year 2018-19 as 280. 

This Cost Inflation Index is required for the purpose of computation of Capital Gains while providing benefit to the assessee for the cost incurred in the previous years. This notification shall come into force with effect from 1st day of April, 2019 and shall accordingly apply to the Assessment Year 2019-20 and subsequent years. 

Earlier Government has specified that the Cost Inflation Index for the Financial Years shall be calculated taking the base year as 2001-02 instead of the earlier base of financial year 1980-1981.