Why is Zerodha taking so long to offer US investing?

[KarthikAcharya]

@nithin

After the introduction of TCS of 20% on foreign remittance for investing in stocks, we have stopped pursuing this opportunity completely. I don’t think retail investors will be okay sending say $100 and have only $80 to invest in the markets and have to wait for over a year to get the TCS refund of the $20 after filing income tax returns. We don’t see this as a viable business opportunity anymore.

TCS on remittances under LRS increased to 20% - Vested Finance

@Vishal_Nebhani Hope this response helps !!