[Maratha]

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...

[cmarketbulltren]

Originally Posted by Maratha

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...

Hello

i have read your thread , i have been in feild for long ago

i am sure that i can help you out in this perticular things how to handle from india
please me More specific

you can contact me at ssvenkateshb@yahoo.com

[sureshrp]

Hi,

I read your query. I'm currently in India. In case you receive any
useful info on how to trade forex from India, please let me know.

My mail id: sureshrp@yahoo.com

Regards,

Suresh R

[amarnath]

Hi,

If funds are earned overseas no restriction to trade forex /any other form of investment's abroad yes you are correct about it .But for resident Indians 25k $/annum is max allowed for outward remittance from RBI . Hope it helps . If any specific question's if you have please PM or post it here .

Happy Trading and Good lucks .