if I show income and loss from shares as business
Wil any registration will be applicable on me . as per my understanding shares are out of pirveiw of gst act
so I just have to report loss and profit
do I need to do any other compliance
Profit and loss from intraday are speculative business income and loss, profit or loss from future/options are considered as non speculative business profit or loss, if buy and sell withing one year then STCG, if sold beyond year then LTCG, Loss is to be shown in ITR to take the benefits of caryy forward and set off. You may send me message for more clarification
CAclubindia
