Tax on binary options trading

[Vardan]

As in india many ppl are trading ( forex binary options trading or something idk clearly what is it tho ) on quotex. Withdrawal the money to they Upi. Whooo is it available without paying the tax ????
Can anyone explain me ?

 

[nikhilchauhan]

This trading I considered illegal in India but there are some ways to do it. That's why it is still taxable by the government at the slab of 30%

 

[Vardan]

Tq for responding like how-to pay / how do u kn that u are taxed on it as most of them use UPI to withdraw?

 

[nikhilchauhan]

You need to show those profits in IT. Any CA can help you with it