Hello,
I am receiving training from a US based propreitary trading company.
The training I received for trading in futures and options was very good.
But, I have a doubt, if some experienced ones here can help me, I will be very much grateful.
Q1. Is it considered legal to work for trading companies in the US from India from home ? I am absolutely new to this trading business. That is why I am asking.
They will put some capital in my trading account and I will have to work for them to get salary 50-1lakh per month via wiretransfer. My focus is entirely on Futures and Options in US Market.
Q2. What should I say to the bank and tax people if they ask how I am getting the money ?
This is my first job. I have no idea about income tax. I never earned more than 2lakh before. That's why please suggest. My career hangs in the balance now! Please help!!!:sos:
I am receiving training from a US based propreitary trading company.
The training I received for trading in futures and options was very good.
But, I have a doubt, if some experienced ones here can help me, I will be very much grateful.
Q1. Is it considered legal to work for trading companies in the US from India from home ? I am absolutely new to this trading business. That is why I am asking.
They will put some capital in my trading account and I will have to work for them to get salary 50-1lakh per month via wiretransfer. My focus is entirely on Futures and Options in US Market.
Q2. What should I say to the bank and tax people if they ask how I am getting the money ?
This is my first job. I have no idea about income tax. I never earned more than 2lakh before. That's why please suggest. My career hangs in the balance now! Please help!!!:sos: