Now also another point to explore would be if there can be tax advantage if such trading activities are not done in individual capacity but by forming a LLP or a pvt ltd company. I am just thinking aloud.
still not significantly beneficial to trade in corporate structure as you have Dividend distribution tax applicable in company structure. LLP sits in the middle of the tax structure. if lower taxe rate is applied to LLPs too, it would be greatly advantageous to shift trading to a LLP structure.