Regarding Doing Currency Trading in USA
This query is : Resolved
Quick Summary
06 January 2025
Dear All,
Can I do currency trading in USA market from India?
Is is legal under FEMA to remit INR from India to USA for the purpose of currency trading in USA market?
Thanks & Regards
Nirmal
Can I do currency trading in USA market from India?
Is is legal under FEMA to remit INR from India to USA for the purpose of currency trading in USA market?
Thanks & Regards
Nirmal
06 January 2025
No, remitting funds for foreign exchange trading outside India is not permitted under the Liberalized Remittance Scheme (LRS).
06 January 2025
Thank You Sir for your prompt and valuable reply.
06 January 2025
You are welcome..
...
...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- F&O reporting in ITR
- Taxation on Old jewellery sold
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- U/S 194 T
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
