Currency Trading Companies In India
Is permission required from Indian Govt to trade in forex.?
Is permission required from Indian Govt to send $1000-$2000 to U S for Currency trading (forex),
if yes from where and how to get it?
And if investments earn profit and brought back to India do i have to pay any tax,
if yes which tax and how much?
In short what Indian law says if a citizen wants to send funds to U S company to trade in Forex and brings back earned profits.
I am trading in Forex market in India with http://www.finexo.com/, which is a business partner of Denmark’s Saxo Bank, with its headquarters located in Düsseldorf, Germany with huge US currency and never ever encountered any problem.
Whatever i gain is credited in my Indian bank account through Finexo trading account. The tax is deducted at source and when profit is repatriated here the Indian government deducts it.
In conversatio part three.flv
