• Tax for property sell out

Hi,

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 ?
Thanks.
Regards,
Dwaipayan
Asked 3 years ago in Property Tax from GURGAON, Haryana

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