 ForEx Trading from India
Dear All,
I thought of starting this thread to get a better handle on the legal aspects of trading ForEx from India and then the tax implications of repatriating the gains back to India.
As of now, my internet search showed me that if the capital that is used to trade ForEx is earned outside India, then all is legal. Basically, you can not use the money earned in India for trading ForEx.
However, the tax implications of repatriated funds is not clear to me as of now. Currently, I'm a 'baby-in-diaper' in the ForEx trading (Started looking at the market in Jan 2005, played w Demos (FXCM, MetaQuote, GTX) till Aug-05 and have just now opened the real mini account).
As of now I'm in US (my 8th year here! too long...) and have started plans for returning to the homeland. So, within a year I'll need to figure out the possibilities of trading from India and associated implications.
Any help, pointers are appreciated...
Last edited by Maratha; 09-28-05 at 07:05 PM.
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