Sir iam trading in forex on EURUSD currency pair with international brokers iam gained 120000 USD once I withdraw this income to my bank account how can I pay tax in india and which ITR can I file for this income
Nagarjuna Panem (13 Points)
19 November 2021Sir iam trading in forex on EURUSD currency pair with international brokers iam gained 120000 USD once I withdraw this income to my bank account how can I pay tax in india and which ITR can I file for this income
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193928 Points)
Replied 19 November 2021
Provided you are ROR, you need to file ITR3 with the income declared under PGBP head.
You can claim rebate for the tax paid in foreign country.