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Did you sell your U.S. Stocks in the last year?
Looking for tax assistance on U.S. Stocks?
We have got you covered!
Save capital gain taxes & comply with DTAA using our expert services
Comply with advance tax provision and save yourself from penal interest
Report capital gains from U.S stocks accurately
Holding period > 24 months
Taxation is similar to unlisted shares
Holding period < 24 months
Taxation is similar to unlisted shares
Taxed at applicable slab rate. DTAA benefit available
FEMA compliances
For instance, filing FEMA application cum declaration in Form A-2
Income Tax Act compliance relating to foreign stock investment
ITR filing, DTAA, Disclosures, Form 15CA/CB filing etc
Compliance with LRS scheme of RBI
Expert Assisted Filing of your Income Tax returns
Expert Assisted filing of your Form 67 on Income Tax portal (if required)
Calculation on Gain/Loss on Sale of U.S. Stocks
Email/Skype/Calling Support
Advisory for salaried individuals, freelancers, financial traders
45 minutes call session with a ClearTax Expert
Be guided on the right course of action
Plan excludes any GST or startup related queries
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End to end compliance covering FEMA, LRS and RBI regulations
Expert assisted ITR reporting of capital gains from U.S Stocks
Make informed investment decisions
Cleartax has been my preferred agent for filing tax for a few years now. Interaction with relationship manager, ca account is very very cordial. They quickly understand and provide excellent service. way to go.
Yes, any resident individual is liable to pay tax on global income i.e. on all the incomes earned including foreign sources. However, the investor can claim tax credit for the taxes paid in another country according to DTAA(Double Taxation Avoidance Agreement) between India and the foreign country.
DTAA means double taxation avoidance agreement. It is a treaty between two countries to avoid double taxation on the same income. India has a DTAA agreement with 88 countries across the world. Any income earned from a foreign country will be taxed according to the DTAA with that respective country.
LRS is a liberalised remittance scheme. It is a scheme framed by the reserve bank of India(RBI) containing guidelines for outward remittances from India. LRS is a part of FEMA i.e. foreign exchange management act, 1999.
Dividend income from U.S Stocks investment will be added to ‘Income of Other sources’ and taxed according to the individual’s tax slab rate. Any tax deductions can be claimed as credit according to the DTAA provisions.
Tax implication on ESOPs offered by foreign companies arises in two stages, similar to taxation on ESOPs from Indian companies. First, when the ESOPs are vested and the second time when the ESOPs are sold. Usually, ESOPs are offered at a price lower than the market price. Hence, the employee has to pay tax on the difference between the market price and the price at which the ESOPs are vested. On the sale of the stock received under ESOP, employee shall pay tax on the difference between sale value and FMV.
