Forex trading is not a zero-sum game for traders. However, it is not impossible to be successful in forex and make money from it, and you can still be among those 30% of successful people in forex. Forex trading in India is a popular investment option, but it comes with tax implications. Trading in foreign exchange directly within India is illegal, and certain regulations must be followed. Forex trading falls under different categories, with most traders reporting profits as business income. Taxation includes income tax (I-T) based on gains earned and the goods and services tax (GST) applicable to all foreign exchange transactions. The tax rates vary based on the individual’s income range, and the GST amount can range from 5% to 18% of the income. Understanding these tax structures is crucial for any investor looking to engage in forex trading in India. Our site.

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Funds collected from deceived investors users were allegedly transferred to e-wallet accounts or shell firm bank accounts, agency sources said. Monthly trade turnover Vacancies and copyright 8211 To help you find the vacancies and copyright opportunities across the global Forex Broker. What are the ways of earning money without making deposits at Forex? I have gathered the information from different sources and will review it here. ADVERTISEMENT A raw spread trading account, often known as an ECN account, provides all instruments with real market prices.

Some scam brokers will try to clone or imitate the site of a regulated broker, so always check that the broker site uses the same URL and contact information as the broker listed on the regulator’s site. It’s your turn to build a plan that you respect.