I trade in forex of my client in US he credits the profit share to my Indian bank account.
Is any tds to be deducted
Whats is the taxability
Hey @Keerthi_Trade,
The provisions of TDS apply to Individuals/entities registered in India. Since your client is in the US, no TDS provision will apply to him. However, if you are a resident of India, the income will be treated as foreign source income and based on the type, it will be taxable in India at the rate applicable as per the Income Tax Act.
Hope this helps!
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Treat the income received from abroad as purose –Family Maintenance
Indians working abroad send money to friends & relative as Family Maintenance.
This will not be taxed
