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Income for online trading from outside india is legal

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2015 Sir, I am doing Forex trading in markets.com a UK based online trading company.
Is this trading income is legal in India? If so in which category this income take for filing income tax and is service tax is applicable for this income?

Sir please give me a reply for this question.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 June 2015 yes it is legal. anyways, income-tax doesnt care about legality of income. service tax? I wonder how it comes into picture here...

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