1678 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

ITR

Regulation & tax

Also called: Income tax return

The income tax return — ITR-1 for salary alone, ITR-2 once there are capital gains from shares or funds, ITR-3 where intraday or F&O activity makes it business income.

In plain terms

Delivery trades produce capital gains; intraday and F&O produce business income, taxed at slab and carrying audit thresholds. A few casual intraday trades genuinely change which form you file.

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Indian stock market glossary · Market Vidyalaya