What is Foreign Equity?
Foreign Equity is a unique and customized product offered by Ashutosh Financial Services. It contains personally curated stock portfolios of US-listed stocks. These portfolios enable you to invest in the world’s biggest and most renowned companies while ensuring proper risk management, guidance, and analysis.
Investing In Foreign Equity:
We all have heard about the success stories of Apple, Amazon, and Coca-Cola stocks. However, we were unable to invest in them despite our willingness. This is why Ashutosh Financial Services introduced these specially curated portfolios that let you invest in foreign equity. These portfolios primarily invest in US Stock markets. The US stock markets are the world’s biggest stock markets and it has companies listed from all over the world.
Investing in these portfolios will offer you the following benefits
Taxation rates for various incomes for resident Indian in India & U.S.A. from investment in direct stocks & stock portfolios.
| Type of Income | Rate of tax in India | Rate of tax in U.S.A. |
|---|---|---|
| Short term capital gains on sale of foreign shares. (When holding period is less than 24 months) | Slab rates of income tax | No Tax for non-U.S. tax residents |
| Long term capital gains on sale of foreign shares (When holding period is more than 24 months) | 20% (With indexation benefit) | |
| Dividend from U.S. shares. (As per Double Taxation Avoidance Agreement – DTAA of India with U.S.A.) | Slab rates of income tax | 25% |
Taxation rates for various incomes for resident Indian in India & U.S.A. from investment in foreign equity based mutual funds & ETFs in India.
| Type of Income | Rate of tax in India | Rate of tax in U.S.A. |
|---|---|---|
| Short term capital gains on sale of units of mutual fund. (When holding period is less than 36 months) | Slab rates of income tax | |
| Long term capital gains on sale of units of mutual fund. (When holding period is more than 36 months) | 20% (With indexation benefit) | No Tax since there is no income outside India |
| Dividend from units of mutual fund. | Slab rates of income tax |
Our USPs are as under
