If suppose a person from other country(not an NRI) takes money from me and he invests in his forex account and does forex trading and gives me 50% of the profit earned. He sends me this money via third party payment systems like PayPal .
So how is income taxed in India ?
Also if I do forex trading with this amount will it be legal ?
Sir, are you saying that I can directly upload my money into a forex account via third party payment system and this would be legal
Or you're saying that the money I received from that person and I deposit that money into my forex account and trade,this is legal ?
Which one of the two is legal
As far as I know in India its illegal to trade in forex from our own money ,after that I have no knowledge sir please guide me
CAclubindia
