Advanced tax on capital gains

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i want to kno abt advanced tax on capital gains. i sold a property in the month of feb '12. I am plannin to buy another property with tat money to avoid capital gains tax. Should i pay advanced capital gains for tat income? 

By wat tym shud i pay my advanced tax then?

Replies (2)

No advance tax on capital gains

 

If after purchase of new property

if there is still tax on capital gain

then u should pay respactive installment befor 15th March,2012

i.e.( Assessed Tax including capital gain tax - Advance tax already paid)


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