General (15)

• What is meant by Speculative Business Income?
• What is a Non–speculative Business Income?
• What is the difference between Financial Year (FY) and Assessment Year (AY)?
• What is meant by Capital Gains? What are the different types of Capital Gain taxes?
• What is a Short-Term Capital Gain (STCG)?
• What is a Long-Term Capital Gain (LTCG)?
• What is Grandfathering? How are Long-Term Capital Gains (LTCG) treated under the Grandfathering provisions?
• What is meant by a offset/set-off of losses?
• What is meant by a carry forward of losses?
• Why is intraday equity trading considered ‘speculative’, but F&O trading considered ‘non-speculative’?
• What are the benefits of declaring trading income as business income?
• What is Cost Inflation Index (CII)?
• What is Indexation?
• What is the difference between Tax Deducted at Source (TDS) and Tax Collected at Source (TCS)?
• Is Capital gain taxed if it's less than the Income tax bracket?