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Am I liable to pay tax when I remit the funds back to India?

No, the tax incidence is on the event of transfer of securities by the Client on Stockal platform. The remittance of any funds lying outside India has no connection with the tax incidence.

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Do I get dividends?

Dividends, yes! If a hundred dollar dividend per share is announced, you will get $3,450. The only limitation is that you cannot get fractional money. if you own 0.0001 stock and the dividend announced is $5 per stock, you will...

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Do I get voting rights on fractional stocks? And what about dividends?

You don't get voting rights on fractions of stock you own. So if you own 34.5 stocks of a company, your voting rights will be for 34 shares.

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What do you mean by fractional shares?

One of the unique things about the US stock markets is that investors can own fractions of stocks. DriveWealth allows you to own as low as 0.0001 shares of any stock. With fractional stocks you could effectively build a diversified...

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Who owns the stocks?

You own the stocks through your account with Stockal and DriveWealth.  DriveWealth manages the books and records and stocks are held in custody by Citibank.

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What is the safety-net on my account? What if DriveWealth goes down?

The custody of your account is managed by some of the largest banks and clearing firms in the world. One of which is Citibank. If DriveWealth goes down, your account will still be safe and secure with them and you...

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Who is the custodian of my account?

Stockal's US brokerage partner, DriveWealth, works with Citigroup, New York, for the custody of brokerage accounts.

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What is LRS?

Instituted by the RBI, the Liberalised Remittance Scheme or LRS is a set of policies that stipulates the maximum amount and purposes of remittance. Under the LRS, an individual can annually invest up to USD $250,000 in any country, without...