Anyone investing in US Stocks from here?
Is it a good idea? I am planning to invest in TTWO and sony. Please share about the taxes and the risks. Also the supported app because groww has stopped opening international accounts.
Talking product sense with Ridhi
9 min AI interview5 questions
Fyi If you invest more than ₹10 lakh in U.S. stocks from India, it falls under the Liberalized Remittance Scheme (LRS) and is subject to a 20% Tax Collected at Source (TCS) at the time of remittance, which can be claimed as a tax credit while filing your income tax return. Any capital gains from selling U.S. stocks are taxed in India — long-term capital gains (held for more than 24 months) are taxed at 20% with indexation, and short-term gains are taxed as per your income tax slab. Dividends received are taxed at a flat 25% in the U.S., and this can be claimed as a foreign tax credit under the India-U.S. Double Taxation Avoidance Agreement (DTAA) while filing returns in India. Proper reporting under foreign asset schedules in your Indian ITR is also mandatory to stay compliant. Since I don't want to go through all these I just invested 10L in top 10 big nasdaq companies like nvidia, amazon, meta, netflix, microsoft, alphabet, apple, tesla.
