NRI Trading

Many foreign companies looted India, so remittance was prohibited for purpose of forex trading in LRS (leberalized remittance scheme). But you can ask for other sceheme to remit money by accepting your risk of trading abroad deliberately to RBI.

Will I be able to transfer the same to India after paying all the taxes in US? They are both green card holders.

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NRIs can invest in equities and equity traded funds (ETFs) just like resident Indians. Apart from investing, NRI's can also trade Futures and Options intraday. Currently, currency and commodity trading are prohibited by RBI and SEBI regulations for NRIs.

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