Is Permission Required From Indian Govt To Trade In Forex.? | All About Money Online

Is permission required from Indian Govt to send $1000-$2000 to U S for Currency trading (forex), if yes from where and how to get it? And if investments earn profit and brought back to India do i have to pay any tax, if yes which tax and how much?

In short what Indian law says if a citizen wants to send funds to U S company to trade in Forex and brings back earned profits.

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