Swing trading - Business income or capital gains

Income Tax Act 1961 Income from Business or Profession
1

I do swing trading. Holding period is typically 1-4 weeks. Around 10 trades per month. Profit earned usually is only 5-7 % of my monthly salary. Turnover is less than 10 lakh. I want to show gains as STCG.

Is it ok to show profits as STCG instead of business income. Will there be any questions asked. Please guide.

2

Yes, reporting swing trading profits as STCG is acceptable and defensible for delivery-based trades. Unlikely, provided you maintain consistency in how you report your share transactions year after year.