Question ID :
40836
Currency Trading
Dear Sir,
We are exporting goods and doing currency trading to manage the risk.
For Income Tax, it will be considered as a separate business,
but is there any limit from RBI for currency trading to Corporate? Or do we have to take any other approval prior to doing it?
Posted by
Pujit
on
Sep 18, 2020
Filed Under
MISC.
For any currency trading you have to take a license from RBI to work as a money changer and have to follow RBI Guidelines as well as FEMA 1999 compliances.
Posted by
CA. JHA SHANKAR KUMAR on
Aug 10, 2022