https://www.taxtmi.com/forum/issue?id=4694 The taxpayer seeks guidance on the Income Tax Filing Obligation for online trading with foreign counterparties where receipts are received by SWIFT and bank accounts show multiple debit and credit entries while Form 26AS records appear to show no transactions; key issues are whether the activity constitutes taxable business income or losses, the ability to set off losses, and obligations to disclose foreign receipts and maintain bank documentation for compliance. en-us Mon, 10 Sep 2012 21:53:04 +0530 Thu, 23 Jan 2025 15:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4694 The taxpayer seeks guidance on the Income Tax Filing Obligation for online trading with foreign counterparties where receipts are received by SWIFT and bank accounts show multiple debit and credit entries while Form 26AS records appear to show no transactions; key issues are whether the activity constitutes taxable business income or losses, the ability to set off losses, and obligations to disclose foreign receipts and maintain bank documentation for compliance. Discussion-Forum Income Tax Mon, 10 Sep 2012 21:53:04 +0530 https://www.taxtmi.com/forum/issue?id=4694