Long term capital gain query

Capital Gain is not calculated by taking Market Price as cost, Cost of Purchase or Construction should be considered for calculation, If you provide me the amounts involve with all different date then we will proceed further

If the house property was purchased three years prior to sale, then it will be calculated as per long term capital gain. The diference between buying price and selling price along with the dates including miscellaneous expenses attributed to the sales, and factored into cost inflation index, you arrive at the capital gain. 20.36% is the rate of tax for long term capital gain. 

Since you have already invested in purchasing another flat, it is likely that there will be no tax liability. However, without calculating the long term capital gain, one cannot estimate whether there is any tax liability or not.

Hi Arumoy

The cost of acquisition (indexed cost of acquisition if asset is held for more that 36 months) shall be deducted from 54 lacs.

Rs. 21 lacs shall be claimed as a deuction from the amount of capital gains (if any)