Capital Gain on sale of house property

As per section 54 exemption can be claimed by person in respect of capital gains arising on transfer of capital asset, being long-term residential house property.
To claim exemption under section 54, another house should be purchased within a period of one year before or two years after the date of transfer of house.

So, in your case, If your old property is purchased by you more than 2 Years before that it's considered as long term assets...and you can claim exemption under section 54.
You tax liability is Zero after claiming exemption, but in return you have to disclose all this things.

Thank You very much Sir.

You are most welcome...........sir,..