Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)
commented on
28 Apr 2015, 08:13 PM
1. You can consider BTST as STCG (short term gains)
2. If you are trading as a profession (if you trade F&O), then it is considered as business income. You are then taxed as per the slab, the highest being 30%. Check this post.
3. What penalty are you talking about?