Query regarding immovable property/land Moor

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Professionals, Kindly 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... property from 'B' and 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 o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f capital gain will be applicable 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... section 48 of Income tax Act Tax on capital gain will be compute as per section 112 of Income Tax Act . - Query regarding immovable property/land Moor - Query Started By: - Jasbir Uppal Da .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ted:- 22-7-2022 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X