Tax Implications in India
Dividend Income:

Dividend income from US stocks is taxable in India as per your applicable income tax slab. However, you can claim a foreign tax credit for the taxes paid in the US to avoid double taxation. This means you can deduct the 25% withholding tax paid in the US from your tax liability in India.
Capital Gains:

Capital gains from the sale of US stocks are taxable in India. The tax rate depends on the holding period of the stocks:
Short-term capital gains (STCG): If the holding period is less than 24 months, STCG is taxed as per your income tax slab.
Long-term capital gains (LTCG): If the holding period is 24 months or more, LTCG is taxed at 20% with the benefit of indexation.
Filing and Reporting
Form 67: To claim the foreign tax credit, you need to file Form 67 before filing your income tax return in India.
Income Tax Return (ITR): You must report your foreign investments and income from US stocks in your ITR.
Summary
Dividends: 25% tax in the US, remaining tax liability in India after foreign tax credit.
Capital Gains: Taxed only in India (15% for STCG, 20% for LTCG with indexation benefit).
It’s advisable to consult with a tax professional to ensure compliance with all tax regulations and optimize your tax liability.