Regulations and Taxation

How much can I invest in US stocks from India?
Currently, you can invest up to USD 250,000 every year in foreign stocks from India. This amount can change, subject to RBI guidelines. So your investments ...
Sat, 16 Nov, 2019 at 8:53 PM
What is LRS?
Instituted by the RBI, the Liberalised Remittance Scheme or LRS is a set of policies that stipulates the maximum amount and purposes of remittance. Under...
Fri, 15 May, 2020 at 12:02 PM
What are the documents required to transfer money to invest out of India?
The following documents are needed: Form A2 along with a declaration form: As per FEMA, required every time the money is sent abroad to declare the sum am...
Thu, 27 Sep, 2018 at 6:35 PM
What insurance or protection do I get for my account?
US brokerage ecosystem recommends that ever investor account should have insurance.  Stockal's brokerage partner, DriveWealth LLC, a member of the ...
Mon, 1 Mar, 2021 at 4:52 PM
Is there any tax implication on transfer / remittance of funds into Stockal platform for making investment in foreign securities?
Transfer of funds into an external platform would not result in any profit/gain as it involves only transfer of funds to self. Further no transaction has b...
Tue, 12 May, 2020 at 11:19 AM
What is the definition of Long-term Capital Asset (LTCA) and Short-term Capital Asset (STCA) w.r.t foreign listed securities? What are the tax rates if any capital gain (Long term or Short term) is accrued on sale of such Capital Assets /
The time period for which a particular capital asset is held by its owner decides whether that asset is a short-term capital asset or a long term capital a...
Tue, 12 May, 2020 at 11:28 AM
Am I liable to pay tax when I remit the funds back to India?
No, the tax incidence is on the event of transfer of securities by the Client on Stockal platform. The remittance of any funds lying outside India has no c...
Tue, 12 May, 2020 at 11:29 AM
Can I set off the losses incurred on transfer of foreign listed securities with my other income in India?
All Short-term capital losses arising on sale of foreign listed securities can be set off against both short term and long-term capital gains in India. How...
Tue, 12 May, 2020 at 11:30 AM
Can I carry forward the losses incurred from dealing in foreign listed securities under Income Tax Act?
Yes. The losses arising from the sale of foreign listed securities can be carried forward up to eight consecutive years while losses from speculative busin...
Tue, 12 May, 2020 at 11:32 AM
Can I take indexation benefit on transfer of foreign listed securities?
Indexation is a benefit given to adjust the cost of capital asset held for long term with respect to inflation. Since foreign securities are considered as ...
Tue, 12 May, 2020 at 11:33 AM