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Yes, Indian residents get dividends on US stocks credited to their US wallets for free.
For example, if Apple declares a dividend of $1 per share and you own 0.5 shares, your dividend will be $0.5. However, this is subject to a 25% withholding tax in the US, you effectively only receive $0.375 per share.;
You can claim this withheld amount as a foreign tax credit in India. You can use these dividends to buy more US shares or transfer the money to your Indian savings account.
