You would file your return with the information that you have on hand now. If there are taxes due based on the return you file, you pay the taxes due on April 15. If you have a tax refund showing on your return, you wouldn't pay anything. you would just file your extension.
At this point, you would not be concerned about the tax rate in India. This will come in handy when you are assessed a foreign tax in India and if you wish to claim a foreign tax credit for the taxes you paid in India on your sale of property.
@patnaik
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