Query regarding immovable property/land Moor

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....uery regarding immovable property/land Moor<br> Query (Issue) Started By: - Jasbir Uppal Dated:- 22-7-2022 Last Reply Date:- 4-7-2023 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Professionals, Ki....

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....ndly give your valuable opinion and judgments on the following query. My query is that as per sec 54 of Income Tax Act, 1961 &#39;A&#39; person has purchased immovable property from &#39;B&#39; and t....

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....he 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 applicab....

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....le 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 ga....

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....in will be compute as per section 112 of Income Tax Act.<br> Discussion Forum - Knowledge Sharing ....