Comment on Taxation for Traders - Introduction

Mahesh commented on 08 Nov 2014, 11:27 PM

I was working for a Startup which was in the process of registration in India last year. Because of this, I was paid by its US parent company directly from US via Foreign remittance last year for 6 months and then I was paid Indian salary regularly. In last financial year, I also did F&O trading and incurred losses. Now, I have following queries.
1) In ITR-4 form, I have to choose which option for my work, which received foreign remittance? Consultancy Services or Professional -others?

2) Can my income received via foreign remittance for my technical job, be offset against my F&O trading losses for FY 2013-14?


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