Tax Planning: Convert FNO profits to STCG

[KD61]

I have one doubt. I heard, BTST trades come under business income. So we need to pay 30% tax, even tho, they are kinda technically STCG.

So, what will happen in this case?

I am a bit confused, Zerodha founder says, BTST needs to pay 30% tax, but Zerodha Tax P&L show BTST trades under “STCG”…so how much tax needs to be paid on BTST?

This also seem like a kinda off BTST trade, since ur selling the stock next day.

Taxation question on BTST Trade?

BTST income has to be normally considered as Short term capital gain unless you trade on them frequently. But if its in the very normal course, then you cannot treat it as Short term capital gain, but to be treated as business income and get your books audited.