ITR-2 is for individuals and HUFs who have income from capital gains, more than one house property, or foreign assets. It does not apply to those with business income.
Yes. Short-term capital gains are taxed at 15%, while long-term capital gains above ₹1 lakh are taxed at 10% without indexation.
It depends on your turnover and scheme. Regular taxpayers file monthly (GSTR-1 and 3B), while small businesses may opt for quarterly filing under the QRMP scheme.