Invest in US Stocks directly from India

You can fund your US stocks account directly via your Federal Account. This will enable you to transfer funds at nominal costs and best-in-market forex rates. Please ensure that you are on the latest version of the INDmoney app. If not, please update it from the Play Store on Android devices or the App Store on iOS devices. Below are the steps to fund your US Stocks account.
- Go to manage your wallet from the US stocks dashboard .
- Click on Add money
- In case you do not have a federal account already, you will have to follow the steps to create a federal account
- Once done, enter the amount in rupees that you want to fund your US stocks account with. You will see in real-time the tax applicable as well as the number of Dollars you will receive
- Follow the steps to fund your IND super saver account from any of your bank accounts
- Once the transfer is successful, confirm your details on the screen via OTP to complete the process
- The funds normally reach your US Stocks account within 1-3 business days note: You may have to provide a Bank statement/Income Tax Return the first time you deposit the account

Please go through below detailed article to know about file income tax return for your investments in US stocks.

Click here

Dividends over US Stocks Investments are taxed at source at a flat rate of 25%. The company deducts 25% of the dividend being allotted and distributes the remaining dividend to the users.
Thankfully, a Double Taxation Avoidance Agreement (DTAA) between the US and India allows taxpayers to deduct income tax already paid in the US. You are eligible to use the 25% tax you already paid in the US as a foreign tax credit to reduce the amount of income tax you need to pay in India

These details can be derived from the CG Statements already being shared over the app:
1. Form 67 contains the Dividend income and the tax applied on this income
2. Schedule TR contains your Capital Gains/Losses on Long term investments, Short term investments and Dividend based income
3. Schedule FSI contains the Tax relief applicable as per the TDS deducted against the Dividend based income

You can avail of your yearly Tax reports using the steps below:
1. Go to the US Stocks section within the INDmoney app
2. Click on the Manage button
3. Scroll down to find the Tax Documents header
4. Click on the Financial Year for which you want the Taxation Report
5. The Excel sheet contains all the gains/losses as well as the post-tax dividend incomes that you have received over the mentioned period.

Same as GST charges applied on Fund transfer. ( Minimum GST of ₹45 is charged by Govt. of India for foreign remittance, GST charge depends upon the amount you are transferring)

₹500

A good faith violation (GFV) occurs if you purchase a stock and sell it before the funds that you used to buy it have settled. It’s called ‘Good Faith Violation’ because there was no effort in ‘good faith’ to add necessary funds in the account before the settlement date.

1. “What is Extended Hours Trading?”
Extended hours lets users buy and sell US Stocks even when the US market is closed in 2 sessions
Pre Market 1:30 PM to 7 PM IST
Post Market 1:30 AM to 5:30 AM IST

2. “What are the stocks available in Extended Hours Trading?”
Currently, top 200 stocks by Market are available in extended hours

3. “Are there any additional costs associated with Extended Hours?”
There are no additional costs associated with Extended Hours Trading

4. “What are the types of orders available on Extended Hours?”
Only whole share limit orders are allowed in extended hours.

5. “When do extended hours orders expire?”
Extended hours have a default validity of ‘Day’.
Ie, if an extended hours order is placed in the pre-market session and is not executed, it rolls over into
the core market session. If the order is still not executed in the core market session, it rolls over into
the post market session. If the order is still not executed at close of post market session (5:30 AM
IST), it is auto-cancelled by the broker.