The US markets have grown exponentially over the past 2 decades and currently have a whopping market cap of $36,258,650.9 million. When you compare the dollar to the Indian rupee, there’s only one clear winner.
So people choose to invest in their favourite US brands to create wealth for their child’s university education abroad or to simply create a nest egg. But with every investment, comes taxes. And when it comes to taxes, it’s good to be sure of how much you’ll likely pay.
So before you buy an Apple, Google, Microsoft, Tesla, or Netflix share, read this blog to know exactly what tax rules and regulations will apply to your US stock investments.
Fun Fact: Einstein did not understand taxes. He was an expert in theoretical physics. Read more about tax saving mistakes to avoid in 2020.
The tax rules and regulations are different for both countries. But fortunately, India and the US have a Double Tax Avoidance Agreement (DTAA) in place. This ensures that you don't pay a tax on the same income twice. Here is a list of the taxes you need to be aware of:
Top 5 Reasons To Try Our Powerful Investment App!
Schedule a call based on your convenience. And get an expert to help you invest.
Want the best
investment blog delivered straight to your inbox?
Grow your money without wasting time
on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!
