Taxation of foreign exchange gains and losses?

Question

If I were to play the forex market for profit, how would these gains be accounted for with regard to tax, under what schedule?

Thanks

Answer 1

That depends from country to country. Every income is taxed. Brokers actually credit our income at TDS.

Regards

Answer 2

They would be income to you, and taxable.  Or a loss, and possibly partly deductible.

Schedule D - Capital gains and losses.

Answer 3

Unless you were trading for a living then it would be Capital Gains Tax. All income is taxable (except gambling, so why not do spread betting Forex?)