Hi all!
I was wondering, are we allowed to start a company in Singapore or Hong Kong to trade in indian stock exchanges? Will this help me reduce taxes as Singapore does not tax foreign income? Indian companies are running over 30 percent tax and individual is 25 percent for derivatives. I think it’s pretty high?
Any thoughts?
Cheers!
True atleast individuals can be charged around 12-13%
Is it legal under lrs? Isn’t margin trading illegal? But we trade in India so I am not very sure of the rules… Foreign is illegal though.
I still think that Indian gov policy should consider to lower taxes for India being honestly not that rich in order for country growth or so. This is like Western World taxes with very low incomes I would say in comparison. Something like that really. For individuals Singapore have also high taxes;)