NRI Trading expenses

Taxation
1

Can NRIs trading in F&O claim trading expenses like Internet, Electricity, Computer purchase, etc… (Bills from UK as living in UK).

2

@Quicko can you please help us with this question?

3

Hello @vemulapalli1991,

The SEBI has prohibited NRIs from trading in F&O segment in India. Also, the expenses mentioned by you cannot be claimed as they are incurred in UK.

Hope this helps!

4

Hi Quicko

I think this is a half baked advice.

Yes, NRIs are allowed to invest in futures & options segment of the exchange out of Rupee funds held in India on non repatriation basis, subject to the limits prescribed by SEBI.

(https://www.nseindia.com/trade/members-faqs-nri-trading-account#:~:text=25.,the%20limits%20prescribed%20by%20SEBI)

5

you mean indian residents cannot trade in foreign derivatives

6

Hey @Joe_Maxpayne,

No, Indian residents can trade in foreign derivates.

However, NRIs cannot trade in Indian derivatives. But as rightly mentioned by @Nsk_nsk, there is an exception where NRIs can invest in the futures & options segment of the exchange out of Rupee funds held in India on a non-repatriation basis.