LTCG levied on which : Residential plot or Residential House/Flat ?

Sir/Madam,

 

On which housing property Capital Gain tax is levied :  Residential Plot  Or  Residential House/Flat   Or Both ?

Somebody says No LTCG on Residential Plot, is it true ?

 

Replies (1)

1. Capital gains/loss arises on each and every asset as stated by you, when sold or transferred.

2. No, its not true.

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