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
- Income tax return change regime form necessary or not?
- Tax Audit Mandatory or Optional
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Medical facility
- Maintenance of asset register
- GST Registration DELHI MUMBAI
- Refund credit after 143 (1) intimation
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
