LTCG computation same for residential house, plot
LTCG is computed as sales consideration less indexed cost of acquisition less indexed cost of improvement
What is the difference between selling a residential house and a residential plot? If I were to sell a residential plot (approved by municipal authority as a residential plot) with no building, do I need to invest the complete sale proceeds to avoid paying long-term capital gains (LTCG) tax or can I avail benefits of indexed costs and only profits are considered while computing LTCG?
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