Tax for property sell out


I am in the 30% TAX Braket.
Recently, in July, I sold a Flat for 60 Lacs which I bought for 42 Lacs in Oct 2012 and made a profit of 18 Lacs.
I am planning to utilize this Profit of 18 Lacs in another property next month.
Please let me know how much TAX should I pay for this ?
Asked 2 years ago in Property Tax from GURGAON, Haryana

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Abhishek Dugar
CA, Mumbai
1696 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
401 Answers
5.0 on 5.0
Lakshita Bhandari
CA, Mumbai
125 Answers
5.0 on 5.0
Sample CA 1
CA, New Delhi
0 Answers
Not rated
Deepak Arora
CA, Rudrapur
5 Answers
Not rated