Question ID :
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?
Answer ID :
Sep 18, 2020
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.
CA. JHA SHANKAR KUMAR on
Aug 10, 2022