I am a Salaried person. If I buy stocks and hold them for days/weeks/months (but not for a year), then I understand it's a Short term Capital gain or loss when I sell them.
Now where I looking for more clarity is that some of the internet posts say if this is shown as a business income and the turnover meets a certain value in crores, then it is subject to an Audit. But some other posts day, if it is shown as a Short Term Capital gain/loss then it doesn't need an audit. So my question is how this type of income/loss is to be shown? Does it depend if the person is Salaried or not?
Thanks in advance.