Forex income tax india

forex income tax india

dollar moves up and reach Rs 67, you lose Rs 2 per dollar. Depending on the demand of the particular currency the value will either push it up or down in relative to other currencies. And if a specific form of trading is not legal in your locality, set your company up elsewhere where it is legal. When you exchange dollars for euros, two currencies are involved. Example, suppose you want to take advantage of growing price of a dollar. Until recently you could only legally trade eurinr, gbpinr, jpyinr, and usdinr in India.

Investors willing to take advantage of this appreciation in short and medium term can participate in currency trading. You can buy or sell currency pair as per your expectation of movement in currencies. If you have any queries related to Forex trading it is advisable to take advice from an independent financial advisor. The main currency pairs are usdinr, eurinr, gbpinr and jpyinr.

Total gain on a 1000 contract will.1000. Do you deal in forex trading if yes; Do share your experience! Before deciding to do forex you should consider your investment objectives, risk carrying capacity and level of experience. 3.9k Views, view 6 Upvoters, answer requested by, k Samuels. For example, in case price of EUR/USD.3635 it will cost.3635 US dollars to buy one euro. Forex Trading can be done with register Indian brokers. Top 7 Ways to Transfer Money to India. To facilitate trading, the first currency listed in the particular pair is always the directional currency on the price chart forex. For instance, the euro is symbolized by EUR, US dollar as USD, Australian dollar as AUD and British pound as GBP and. You can take similar long and short position in eurinr, gbpinr or jypinr.