Investing in domestic and international

https://www.desidime.com/news/stockal-global-in...

@admin bhai has written this. 🙂

@bikidas2060 and @guest_999 22 idfc ask for other bank statement before transferring money thru swift code. why is it asking for it?Doosre bank bhi poochte ha
https://www74.zippyshare.com/v/pAB6c3Bp/fil...ml

We used PayPal for sending and receiving money.

My Bil has used HDFC Securities for investing in US markets and also for sending money abroad for education. I’ll ask him about swift transfer. However, the cost to benefit ratio and return to headache ratio is too high while filing IT returns. You can easily add 10-15% in cost addition while the profits are taxed 20% as Equity abroad is treated as Debt at home.

Stick to International mutual funds for investing abroad. We in India can invest in 8 exclusive benchmarks of US market itself including ETFs, Index Funds, Fund of Funds and Feeder funds and also 1 or 2 Flexi Cap funds having exposure to US Mega Cap companies.

Even within the main US indices you have value vs Growth funds. EW vs Market cap based fund etc.

Then you have Greater Asia region funds, Japan, Brazil, Emerging markets fund, Consumer Trends worldwide, Healthcare US, Tech US, Developed markets fund etc etc.

I forgot to mention that fx markup will be higher for you when u have to buy USD and lower for bank when you sell that USD

is it worth investing in mirae fang etf.
fang is known for best software companies in the world.

Vested is the cheapest and most established one. Use them. They charge least per withdrawal.

@kukdookoo

Vested is not the broker. It’s an intermediary. End broker is DriveWealth, USA. What if they (Vested) refuse to process your withdrawal? Where to complain then? What happens if the US tax authorities put your brokerage house under scrutiny and freezes all its accounts? When does the incidence of double taxation treaty come into play?

Do you know the rules of FTC? Foreign Tax Credit is a complicated thing if you opt for the dividend option. For a start, the rate of conversion is not the date when dividend is paid to you but the value of USD on the last day of the preceding month. Exchange margin is added to the inter bank rate while processing this conversion. Also, if your FTC is more than your taxable limit in India, you won’t be refunded for tax paid abroad.

Do you know the tax year in USA is from Jan-Dec and not Apr- Mar like in India? And, the biggest “Ummm” of all – These ITR with FTC are processed manually and not automatically.

Happy Investing

What if they (Vested) refuse to process your withdrawal? Where to complain then?
SEC,SEBI
What happens if the US tax authorities put your brokerage house under scrutiny and freezes all its accounts?
you don’t matter to them until and unless your ticket size is higher
When does the incidence of double taxation treaty come into play?
that comes into play only in case of dividends

Do you know the rules of FTC? Foreign Tax Credit is a complicated thing if you opt for the dividend option. For a start, the rate of conversion is not the date when dividend is paid to you but the value of USD on the last day of the preceding month. Exchange margin is added to the inter bank rate while processing this conversion. Also, if your FTC is more than your taxable limit in India, you won’t be refunded for tax paid abroad.
then don’t invest in dividend paying stocks.moreover the dividend is like 0.10% etc so it don;t matter much until ur ticket size is higher

These ITR with FTC are processed manually and not automatically.
please explain

@Ramta_Jogi