What is the wash sale rule? Is it applicable to Indian investors?
The wash sale rule applies to investors who are domiciled in the US for tax purposes. Under the wash sale rule, investors cannot sell securities, lock in losses, and buy the same security within 30 days. For tax residents of India, no such rules apply.
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What are the tax implications on investing in US stocks and ETFs as an Indian resident?
For investors in India, there are two types of taxation events when you have returns from your investments in US stocks: Taxes on investment gains: You will be taxed in India for this gain, but will not be taxed in the US. The amount of taxes you ...
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.
Can investors from India invest in the US? Is it even legal/possible?
Yes, Indian residents can invest in the US stock market, as long as the total annual amount is less than US$ 250,000 per year per individual. This is as per the RBI’s Liberalized Remittance Scheme guidelines. To read more about this topic, you can ...
How do I transfer funds from a non-Indian or an international bank account?
You can initiate a wire transfer from your non-Indian or International bank account. Please note that you need to be a primary holder of this bank account. The beneficiary details are available under the 'Transfer tab > Add funds > International ...
How do I transfer funds from an Indian Bank account to my US Brokerage Account?
Log in to your Vested account and follow these steps: Click on the "Transfer" tab. Select "Add Funds." Choose the Indian Bank option. Select from the list of supported banks such as ICICI, HDFC, IDFC, Kotak, Axis, SBI, and IndusInd Bank, as they ...