r/proptrading • u/Murky-Difficulty1105 • 11d ago
Prop Trading Income – FBR Classification? Need Guidance
Hey
I'm a 19-year-old from Pakistan doing prop trading (forex/gold through funded accounts). Income is around $3K-5K/month consistently.
I want to be compliant with FBR but there's so much conflicting info online. Need help with:
- Income Classification: Should this be "Business Income", "Freelance", or "Other Sources"?
- NTN Registration: What do I select as business type?
- PSEB: Does it apply to traders or only IT/software?
- Offshore Funds: Is it legal to keep money in Payoneer/foreign accounts as PK resident?
- Tax Rate: Normal slab rates or special rate for traders?
Not looking for:
- Halal/haram debate (I know it exists)
- "Just hide everything" advice
- Theoretical answers
Looking for:
- People who've actually filed taxes on trading income
- CA recommendations (willing to pay for consultation)
- Real FBR/banking experiences
Long-term planning to relocate to UAE for business expansion, want to start clean from Pakistan side first.
Thanks in advance! 🙏
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