Income tax returns filing - doubts

Sure! Here's a brief explanation:

(a) **Short Term Capital Gains (Other than covered under section 111A)**: These are gains from the sale of assets like debt mutual funds, bonds, and other non-equity assets held for less than 36 months. They are taxed at the applicable income tax slab rates.

(b) **Short Term Capital Gains (Covered under section 111A)**: These are gains from the sale of equity shares or equity-oriented mutual funds held for less than 12 months. They are taxed at a concessional rate of 15%.

Hope this helps!