Anthropic, the artificial intelligence (AI) company behind Claude, is going public on Nasdaq on November 19, 2026, with shares priced between $70 and $78.
If you're in India and thinking about investing in this much-hyped IPO, there are some important tax rules to keep in mind.
Indian investors: ₹10L TCS and taxes
If you invest over ₹10 lakh in Anthropic shares, a 20% Tax Collected at Source (TCS) kicks in for the amount above that limit.
For profits: short-term gains (if you sell within 24 months or less) get taxed as per your income slab; long-term gains (after 24 months) are taxed at 12.5% plus applicable cess and surcharge.
Dividends from US stocks face a 30% withholding tax, but you can bring it down to 25% by submitting Form W-8BEN under the India-US tax treaty.
And don't forget: Indian residents who qualify as ordinarily resident must report foreign shares and relevant overseas brokerage accounts in Schedule FA when filing their Indian taxes, even if you don't make any profit!