hello everyone,  

plz solve the following quary  on capital gain

indexed cost of property : 2,00,000/-

sale agreement for the above mentioned property50,00,000/- and received token money of5,00,000/-

after ten days token money forfeited by the seller because of non-execution of agreement

now tell me,

my revised cost is 2,00,000/- - 2,00,000/- = nil

but balance3,00,000/- ka kya hoga.... is it taxable or not ?

if  yes, in which head (and also refer the section or case name)

reply soon