Investing in US stocks? This overlooked 40% tax could ambush Indian investors
Under US tax law, non-residents are only exempt up to $60,000 in US-situated assets. Everything above that is potentially taxed at rates as high as 40%. The kicker? There’s no estate tax treaty between India and the US to ease the burden.
Under US tax law, non-residents are only exempt up to $60,000 in US-situated assets. Everything above that is potentially taxed at rates as high as 40%. The kicker? There’s no estate tax treaty between India and the US to ease the burden.
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