Hi respected chartered accountants
I am looking to join an overseas forex propreitary trading firm who will
> hire me as a contractor legally
> allow me access to a SIMULATED currency data source feed
> take trades on their overseas capital themselves
> pay me monthly profit commissions
They can deposit the amount directly in INR to my bank account.
However, I am concerned with my bank may freeze the account until they confirm my source of income. I wont be depositing any INR capital overseas for trading but paying them a fee for access to their software which is clearly writen in the employment term.
Do I have to hire a Chartered accountant help me create documents tp ensure I can deposit my income beforehand?
Or should I wait and hire a chartered accountant only if the bank asks me for documents ?
Sorry for the stupid question but I have recently opened a bank account and dont want it removed.I would rather be laughed at a forum of experts than negotiate in a court with my ignorance.
CAclubindia
