Are there any taxes on rupee depreciation or dollar appreciation when capital gains are converted from USD to INR?

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• Do I have to pay taxes in the US?

  For the capital gains made on your US stocks/ETFs investment, you don’t have to pay taxes in the US. You, however, have to pay taxes on those capital gains in India. For dividend and SLIP income, a portion of the income is withheld in the US as the ...

• Does tax-loss harvesting take into account currency depreciation as well?

  Vested’s tax-loss harvesting module helps you reduce the taxable capital gains of your portfolio in US dollars. Since all assets you own and sell are in US Dollars, there is no currency depreciation to consider.

• Which documents are required to file taxes in India for my US stock investments?

  The following documents are required to file taxes in India for your US stock investments: Capital gains summary Schedule FA Schedule FSI Schedule TR Form 67 You can read more about the documents needed here. All of these documents are generated by ...

• Which FX rate is used to show INR returns?

  We use RBI reference rates for the translation of USD returns into INR.

• What are the forex charges applicable when transferring USD to my Vested US brokerage account?

  The conversion and remittance charges depend on the bank you use for remitting purposes. Typically Indian banks charge ~ 1-3% forex markup to convert INR to USD.