Question 1

Can Indian residents buy Franklin Street Properties stock?

Accepted Answer

Yes. Franklin Street Properties (FSP) has been listed on NYSE American since 2005, in the REIT - Office industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.

Question 2

How much does one Franklin Street Properties share cost in rupees?

Accepted Answer

One Franklin Street Properties share is $0.37 — about ₹36 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Franklin Street Properties price and the rupee rate move during the day, so the rupee cost changes with them.

Question 3

What are the LRS and TCS rules for buying Franklin Street Properties from India?

Accepted Answer

Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.

Question 4

Can I buy whole shares of Franklin Street Properties?

Accepted Answer

Yes. One Franklin Street Properties share is $0.37, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Franklin Street Properties.

Question 5

How are gains on Franklin Street Properties shares taxed in India?

Accepted Answer

The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Franklin Street Properties price. Paasa issues a capital-gains statement for your return.

Question 6

Does Franklin Street Properties pay a dividend, and how is it taxed in India?

Accepted Answer

Yes. Franklin Street Properties pays a dividend and the current yield is 5.34%; the last declared dividend was $0.04 per share, about ₹3.84. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.

Question 7

When can I trade Franklin Street Properties from India?

Accepted Answer

NYSE American trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.

Question 8

Is there estate or inheritance tax on Franklin Street Properties shares held from India?

Accepted Answer

US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.

Question 9

Do I have to declare Franklin Street Properties shares in my Indian tax return?

Accepted Answer

Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Franklin Street Properties holding, its cost and its closing value.

Question 10

How do I sell Franklin Street Properties and bring the money back to India?

Accepted Answer

You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.