My father has a fixed deposit of 25 lacs. He wants to put it on ...

Anonymous's picture
Posted by Anonymous
Question Description: 

 My father has a fixed deposit of 25 lacs. He wants to put it on bullet trading. Is it legal to do it? Would he face any problems with the Income Tax Department?

rajesh sharma's picture

It is absolutely legal to put money in trading. Only thing...

Answer Description: 

It is absolutely legal to put money in trading. Only thing is that your source should be a legal one and you must have valid proof and IT Returns to substantiate the source.