I am a salaried individual and while filing ITR I found that Intra-day trading and F&O trading is considered as business income. I am selecting New Regime and I have a few questions:
- It seems the regime cannot be changed for individuals having business income(ref). Does this apply to me as well? What if I stop doing intraday/F&O trading, can I change the regime then in future?
- What will be the “Nature of business or profession” in Form 10-IE for me?