Let , , , and . For any , we will prove the existence and uniqueness (for ) of radially symmetric singular solution of the elliptic equation $\Delta v^m+\alpha v+\beta x\cdot\nabla v=0v>0R^n\setminus{0}\displaystyle\lim_{|x|\to 0}|x|^{\alpha/\beta}g_{\lambda}(x)=\lambda^{-\frac{\rho_1}{(1-m)\beta}}\beta$ is sufficiently large, we prove the higher order asymptotic behaviour of radially symmetric solutions of the above elliptic equation as . We also obtain an inversion formula for the radially symmetric solution of the above equation. As a consequence we will prove the extinction behaviour of the solution of the fast diffusion equation in near the extinction time .

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