Forex trading under Income tax

We, Comxpro will be handy to purchase and sell the currencies on the global financial market. Our decades of experience allow us to refine the offerings to meet the desired needs of our clients.

whether it is speculative or not, depends on whether it was done through a recognised stock exchange or not. If it was done on MCX, then it is not a speculative activity.

read the tax audit guidance note for turnover computation. Audit applicability is subject to the turnover and whether the assessee was using 44AD benefits in earlier years or not.