How to open overseas trading account in india
The interest among Indians to buy shares of companies listed in the US has been on an uptrend. A lot of people are now interested in buying shares of companies like Google, Facebook, Tesla, Intel, Microsoft etc. These are companies which are listed in the US but are not listed in India. As these companies are doing good and have huge profit earning potential, these shares are attracting a lot of investor interest from across the Globe.
These Indian brokerage houses act as an how to open overseas trading account in india between the investor and the foreign brokerage houses. While opening an overseas trading account, the investor would be required to mention the countries in which he would like to invest and then your application would be sent to the brokerage house of that country for registration.
Along with an international trading account, the investor would also be required to open a bank account in the country in which he intends to invest. He would first be required to transfer funds from the Indian bank account to the foreign bank account by furnishing the A2 Form. Once all the formalities are completed and the funds are transferred in the foreign bank account, the investor is ready to start investing and trading in shares listed in countries outside India.
Indian Investors interested in investing in shares and assets located outside India can make use of the Liberalised Remittance Scheme LRS which allows Indians to invest in shares listed outside India. The Liberalised Remittance Scheme was introduced by RBI in the year and several amendments have been made to this scheme since There is no limit on the frequency of number of remittances.
Moreover, there is no such condition that the amount invested abroad has to be brought how to open overseas trading account in india to India and therefore the amount which has been invested abroad can be retained and reinvested in overseas assets.
Disclosure of these Assets in how to open overseas trading account in india Income Tax Return. If you hold any assets outside India — then these are required to be reported in your Income Tax Return as Foreign Assets. These shares would also be considered as Foreign Assets and therefore would be required to be reported in the Income Tax Return.
He is also the founder of this website and loves to help people with their Tax Queries. Select your email service Close Gmail Yahoo! How Indians can invest in Shares listed in the US? How much Investments are Indians allowed to make in Shares listed abroad?
The investor only needs to predict whether the price of the asset is going to rise or fall within a given time. The investor then selects Call if the prediction is a rise in price and Put how to open overseas trading account in india it is a fall. The call option; meaning that the price of the asset will rise and reach 1. 3800 at least once in the next week. The put option; meaning that the price of the asset will fall and reach 1.