How to earn money trading in between NSE and BSE?

I earn money from forex trading how do i pay taxes or file IT? urgent help?

• As we all know that "remmitance" for in trading in forex is not permitted according to the fema law! here is the list - Remittance for any purpose specifically prohibited under Schedule-I (like purchase of lottery tickets/sweep stakes, proscribed magazines, etc.) or any item restricted under Schedule II of Foreign Exchange Management (Current Account Transactions) Rules, 2000; ii) Remittance from India for margins or margin calls to overseas exchanges / overseas counterparty; iii) Remittances for purchase of FCCBs issued by Indian companies in the overseas secondary market; iv) Remittance for trading in foreign exchange abroad; v) Remittance by a resident individual for setting up a company abroad; vi) Remittances directly or indirectly to Bhutan, Nepal, Mauritius and Pakistan; vii) Remittances directly or indirectly to countries identified by the Financial Action Task Force (FATF) as “non co-operative countries and territories”, from time to time; and viii) Remittances directly or indirectly to those individuals and entities identified as posing significant risk of committing acts of terrorism as advised separately by the Reserve Bank to the banks. AS IT IS CLEARLY WRITTEN ON NO 4 that :remmitance is not allowed" But with me I never remmited any money outside India, the company abroad itself gave me its money to start trading which was originally ttheir property in USD, it was not converted from indian rupee(INR) to USD and sent aborad! it is the company's own money which I trade with! now I earn good amount of money every month but it does not involve any remmitace from India It is risk free because I trade with the company's money ! how do I tell this to the IT people while filing IT ??

• Answer:

  contact a CA