• Can we pay taxes on profits trading Forex on major pairs in India

I would like to know whether we can pay taxes for the gains trading online Forex on major pairs in India or not...
Asked 5 years ago in Capital Gains Tax

Pl rephrase the question. Your question is not clear

Vidya Jain
CA, Kolkata
974 Answers
58 Consultations

4.8 on 5.0

I am sorry sir your question is not clear. Please rephrase it.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Dear Sir,

This all platform are engaged in daily based speculative activities and their speculative activities are taxed at full rate without allowing ANY EXPENSES incurred on the business. also if you incurred any loss out of this income than same is also allowed to set off against speculative income only.

The amount they are earning is offered fro tax at full rate i.e. 33.34% and accordingly they can claim it as their genuine income source.

Vishrut Rajesh Shah
CA, Ahmedabad
826 Answers
34 Consultations

5.0 on 5.0

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