22 June 2011
i am trading in forex currency in online platform.....i want to know about the treatment india for forex currency income...
Can any body tell me what is the tax treatment of forex trading income for a resident in india? whether its a capital gain income or business income or IOS? what is the tax rate applicable for this income whether it is normal or else??//
22 June 2011
income from trading in forex currency amounts to speculative business. in case of individual, normal tax rate will be applicable. in case of company/firm, 30% tax rate will be applicable on taxable income.
CAclubindia
