Hi All,
I have been trading Fx for quite some time. I mostly trade EUR/USD. I have a query on wire transferring the profits I have made into my India bank account. My broker is based out of India and the only way to withdraw funds is through Wire Transfer.
Now my question is when the money reaches Bank, do they question you on from where this dollars are coming from? If they do and ask for proof, you cant really tell them you are trading fx. I am happy to pay Tax on my profits made.
I would be happy to get assistance from people who are trading Fx on this forum. Any help / guidance would be greatly appreciated.
Regards,
Mehool.
I have been trading Fx for quite some time. I mostly trade EUR/USD. I have a query on wire transferring the profits I have made into my India bank account. My broker is based out of India and the only way to withdraw funds is through Wire Transfer.
Now my question is when the money reaches Bank, do they question you on from where this dollars are coming from? If they do and ask for proof, you cant really tell them you are trading fx. I am happy to pay Tax on my profits made.
I would be happy to get assistance from people who are trading Fx on this forum. Any help / guidance would be greatly appreciated.
Regards,
Mehool.