Best Replacement Option for my old CRT. LCD Monitor or an LCD/LED TV?

Friends,

I want to replace my old CRT monitor with a leaner flat screen. I also don't have a TV in my room.
What would be a better option:
1. To go for a good LCD monitor (Please suggest the best one).
2. To go for an LCD/LED TV (Again, looking for the best option here LG/Samsung) which can double up as a TV.

What is the difference between an LCD Computer monitor and an LCD/LED TV.

Regards
Based in India
looking for screen size not greater than 20/21 inches
 
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