fintech / news / / The Economic Times
With the right platform and a valid PAN card, any Indian resident can legally own a slice of the world's biggest companies.
Indian residents can invest up to $250,000 per year abroad under the Liberalised Remittance Scheme.
KEY POINTS
- Fractional shares of US stocks are accessible to Indians via platforms like Vested Finance and INDmoney.
- Investing through Indian-listed mutual funds or ETFs with foreign exposure requires no LRS remittance or foreign account.
- All foreign assets must be disclosed annually in the Foreign Assets schedule of the Indian income tax return.
- Tax credit for foreign dividends is only available if a Double Taxation Avoidance Agreement exists with that country.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →