Commission Income on trade in forex
- 219
- 6
-
- Last Comment
I trade in forex of my client in US. He credits the percentage of profit share to my Indian bank account as commission.
Is any tds to be deducted?
Whats is the taxability?
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
5 Comments
|
3 Dimers
- Sort By
https://www.desidime.com/discussions/income-on-trade-in-forex?page=1#post_10035362
Forex trading is illegal in RBI
Click here to reply
Reply
As per these details, your client seems an International entity, that is not liable to deduct any TDS/GST/ etc for your service (even if you trade on behalf of them you can say this is a service provided by you.)
Your income will be the same as some freelancers earning from the abroad client.