Capital Gain.

This discussion addresses the calculation of capital gains tax following the sale of a flat. With a sale value of 72 lakh and an indexed cost of 36 lakh, the initial capital gain appears to be 36 lakh. However, the purchase of a new flat for 55 lakh may allow for reinvestment relief, potentially reducing the taxable capital gain to nil. Further clarification on the nature of the property and its purchase details is required to confirm the final tax liability.