Hello @Sandip
- Yes, You can report your profit from STCG as Business Income. You can read more about it here.
- There is no minimum threshold in terms of turnover or number of trades for this. The determination is based on your intention. Short-term equity trades can be treated as business income if you actively trade with the intent of earning profits rather than capital appreciation over a period of time.
You can continue to classify long-term holdings as Capital Gains (LTCG), as they are held for investment purposes. Additionally, income from bonds and mutual funds must be reported as Capital Gains, not Business Income.