Do we need to show foreign asset's (US stocks) dividend in ITR filing, That even not withdrawn from the broker (US stock broker)?
Do we need to show foreign asset's (US stocks) dividend in ITR filing, That even not withdrawn from the broker (US stock broker)?
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Prasaathviki · External communityPost link
External question — Personal Finance Stack Exchange
Author: Prasaathviki
Original post: https://money.stackexchange.com/questions/157680
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I have purchased foreign assets (US stocks) using the INDMoney app for about 5000 rupees from india. And I have received dividends for that stocks in US broker website. Dividends are very low and I couldn't withdraw my money. Minimum requirement for withdrawal in 1$ but dividends are below 1$, So not able to withdraw that money. So do I need to show that dividends in ITR filling, Which I couldn't even received that money in my indian bank?
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Manish · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Manish
Original post: https://money.stackexchange.com/a/157761
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Being an Indian resident, all incomes are covered - whether Indian or foreign.
So, you need to disclose this dividend income.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Prasaathviki Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/questions/157680 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I have purchased foreign assets (US stocks) using the INDMoney app for about 5000 rupees from india. And I have received dividends for that stocks in US broker website. Dividends are very low and I couldn't withdraw my money. Minimum requirement for withdrawal in 1$ but dividends are below 1$, So not able to withdraw that money. So do I need to show that dividends in ITR filling, Which I couldn't even received that money in my indian bank?
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