Query regarding immovable property/land Moor

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..... Query regarding immovable property/land Moor
Query (Issue) Started By: - Jasbir Uppal Dated:- 22-7-2022 Last Reply Date:- 4-7-2023 Income Tax
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Income Tax
Dear Professionals, K .....

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..... indly give your valuable opinion and judgments on the following query. My query is that as per sec 54 of Income Tax Act, 1961 'A' person has purchased immovable property from 'B' and .....

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..... the status of property/land is Moor. A moor is an area of high open ground covered mainly with rough grass and heather, waste land/barren land. How will the calculation of capital gain will be applica .....

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..... ble as per section 54 of Income Tax Act, 1961. Regards J S Uppal Reply By Lav Prajapati: The Reply: In this case Capital gain will be compute as per section 48 of Income tax Act Tax on capital g .....

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..... ain will be compute as per section 112 of Income Tax Act.
Discussion Forum - Knowledge Sharing .....

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