Kuldeep Singh (193 Points)
27 August 2021Sir/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 ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167297 Points)
Replied 27 August 2021
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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