SEO Sai Gr. Hosp.
197044 Points
Joined July 2016
1. Its not wealth tax, but liability of capital gains tax
2. If the plot you purchase of say, value 10 lakhs in 2008-09. So indexed cost would be say 20 lakhs.
3. Now say if you sale for 30 lakhs (present market value). you gain 10 lakhs, which subject to tax at 20%, roughly 2 lakhs.