shahnawForex's Profile | Forex Factory
 shahnawForex
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  • Last Online:
  • May 4, 2011
  • Using Local Time:
  • 9:25pm (1 hr ahead of you)
  • Joined Forex Factory:
  • May 2011
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  • India
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May 4, 2011
 shahnawForex
Dear friends..
I am an Indian resident.I am in to online forex trading with a foriegn broker. Say if I have a profit of 1 crore in the forex account abroad.Do I need to pay tax in India for that 1 crore? or If I transfer 20 lakh to my Indian savings bank account in a financial year from the forex account abroad, What will be my taxable income ?? 1 crore or 20 lakh ??