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