Tag Archives: #IncomeDeclarationScheme

Which ITR to file for salary and share trading ?

ITR for salary and share trading

  ITR for Salary and Share Trading   If you have income from salary and share trading, you will generally need to file ITR-2. ITR-2 is applicable for individuals and Hindu Undivided Families (HUF) who have income from sources other than business or profession. Income from salary and income from share tradings fall under the… Read More »

What is the difference between section 112 and 112A of the Income Tax Act, 1961?

Section 112 Vs. 112A Income Tax

Section 112 Vs. 112A Income Tax  Section 112 and Section 112A of the Income Tax Act, 1961 address the taxation of long-term capital gains from the sale of listed equity shares or equity-oriented mutual funds. However, there are several distinctions between these two sections Section 112 Vs. 112A Income Tax. Applicability: Section 112 covers all… Read More »