Staying Tax-Compliant with Prop Firms, from Payout to Filing

Staying Tax-Compliant with Prop Firms, from Payout to Filing

Earning as an Indian resident trader from foreign prop firms can be a lucrative opportunity, but it requires careful attention to tax and compliance to avoid scrutiny. Based on the expert advice provided, here’s a detailed breakdown of how to stay tax-compliant and avoid red flags. 1. Understanding Your Income 2. Receiving and Managing Funds … Read more

India Intensifies Crackdown on Undisclosed Foreign Income Amid Swiss Bank Surge

India Intensifies Crackdown on Undisclosed Foreign Income Amid Swiss Bank Surge

India’s Finance Ministry announced a crackdown on taxpayers not reporting foreign income, a move that comes as Indian money in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs (about ₹37,600 crore). The income tax department is actively pursuing these non-compliant individuals. Thanks to various awareness campaigns and a system-driven approach, the … Read more