SEO Sai Gr. Hosp.
211715 Points
Posted on 17 November 2018
Get valuation certificate of the plot as on 01.04.2001, from sub-registrar office or any certified valuer. That will be cost of aquisition. Based on that LTCG can be evaluated.
New investment by each brother in individual plots will not help in tax deduction, unless you wish to construct any house property over it within 3 years time period from the sell of earlier plot.