The resident tax-payers investing in US stocks need to declare such investments in their ITR and also pay applicable taxes on the income earned on such investments.
Welcoming the move to fast-track FTAs with as many as six countries and trading blocs, Desai said the government should take lessons from earlier such agreements.
A total of 389.16 crore person days of work were generated under the scheme in 2020-21, compared with 265.35 crore person days in FY20 and 267.96 crore in FY19.
