USStockTaxSample reportSample investorResident individual
Dividends and foreign tax credit
Dividends from US shares in financial year 2025–26, the US tax withheld, and the credit you can claim. For Form 67 and Schedule TR.
Credit you can claim
₹893
Dividends, gross
₹3,572
US tax withheld
₹893
Indian tax on dividends
₹1,114
Each dividend
25% is withheld under the India–US DTAA when a W-8BEN is on file| Ex-dividend date | Share | Gross ₹ | US tax ₹ |
|---|---|---|---|
| 12 May 2025 | AAPL | 2,135 | 534 |
| 15 May 2025 | MSFT | 710 | 177 |
| 21 Aug 2025 | MSFT | 727 | 182 |
| Total, 3 payments | 3,572 | 893 |
For Form 67
Statement of income from a country outside India and tax relief claimedCountryUnited States of America
Nature of incomeDividend
Income from outside India₹3,572
Tax paid outside India₹893
Tax payable on this income under Indian law: ₹3,572 at 30%, plus 4% cess₹1,114
Article of the DTAAArticle 10
Relief claimed under section 90: the lower of US tax paid (up to 25%) and Indian tax₹893
Notes
- Dividends are stored in rupees, at the exchange rate entered with each one.
- File Form 67 on the income tax portal before you file your return. Keep Form 1042-S from your broker as proof of US tax withheld.
Sample report for an example portfolio. Trades and exchange rates are illustrative. For reference, not tax advice.Page 1 of 1