Capital Gains Tax on Property in India ? Your advice Pls.?

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have sold residential flat in bangalore , details here:
date of purchase: 30/07/2003
purchase price: rs. 15,50,000/-
cost of registration: rs: 1,25,000/- (approx)
date of sale: 25/05/2008
sale price: 25,00,000/-

how tax have pay? till when can delay tax payment explore other avenues? have drawn major portion of fund. pls. advice me how plan tax in regard. thank you!

i have sold residential flat in bangalore , details here: date of purchase: 30/07/2003 purchase price: rs. 15,50,000/- cost of registration: rs: 1,25,000/- (approx) date of sale: 25/05/2008 sale price: 25,00,000/- how tax have pay? till when can delay tax payment explore...


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