Welcome to Answerclub.org
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
How can budgeting help in managing personal finances?
Budgeting helps manage personal finances by tracking income and expenses, setting financial goals, avoiding debt, building savings, reducing financial stress, and planning for the future. It ensures you stay in control of your money and make informed financial decisions.
Budgeting helps manage personal finances by tracking income and expenses, setting financial goals, avoiding debt, building savings, reducing financial stress, and planning for the future. It ensures you stay in control of your money and make informed financial decisions.
See lessHow is tax calculated in India for investing in US stocks?
In India, taxes on investing in U.S. stocks are divided into two main categories: 1. **Capital Gains Tax**: - **Short-term capital gains** (if you sell the stocks within 24 months) are added to your income and taxed as per your income tax slab. - **Long-term capital gains** (if you sell the stocks aRead more
In India, taxes on investing in U.S. stocks are divided into two main categories:
1. **Capital Gains Tax**:
– **Short-term capital gains** (if you sell the stocks within 24 months) are added to your income and taxed as per your income tax slab.
– **Long-term capital gains** (if you sell the stocks after 24 months) are taxed at 20% with the benefit of indexation (adjusting for inflation).
2. **Dividend Tax**:
– Dividends from U.S. stocks are subject to a **30% withholding tax** in the U.S., which is automatically deducted.
– However, India has a **Double Taxation Avoidance Agreement (DTAA)** with the U.S., allowing you to claim a credit for the tax paid in the U.S. when filing your tax returns in India, avoiding double taxation.
Ensure you report these investments and taxes correctly while filing your tax return in India.
See less