Re.:share trading

Dilip Datta Choudhury (Tax Practioner/Consultant)   (84 Points)

12 May 2017  
I have only business of share trading on delivery basis. Aprox turnover Rs.2 Crore. Apart from this, I have F.D. & bank interest income. Can I treat this as business income, claiming all expenditure or I have to consider as Short Term Capital Gain. In this case initinal exemption limit of Rs.2,50,000/- can be claimed as per Income Tax. Please advise. Also advise my account should be audited in case of business or to consider as short term capital gain.