I have profits from
a) a number of short term delivery-based equity trades &
b) a few short-term equity mutual fund trades
I understand that a) has to be non-speculative business income.
Does b) too have to be declared as non-speculative business income or can i show it under STCG?
Trading in Equity Shares and Equity Mutual Funds is usually considered as a Capital Gains. However, it may be considered as a Non-Speculative Business Income if you trading is the main source of income. CBDT had issued a clarification as to when sale of shares can be treated as a Business Income instead of Capital Gains.
You can read more about it here - How to treat sale of shares as Capital Gains or Business Income
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