Question 1

What is Rovia and who is it for?

Accepted Answer

Rovia is an India-first investment platform for Indian residents who hold US RSUs (Restricted Stock Units) from US technology companies like Google, Meta, Microsoft, Amazon, Apple, and Netflix. It handles INR cost basis, LTCG tracking, Schedule FA, and repatriation without FX markup.

Question 2

How does Rovia calculate INR cost basis for RSUs?

Accepted Answer

Rovia automatically records the INR cost basis for every RSU lot at the vest date using the SBI TT buying rate — the rate mandated by Indian tax law. This eliminates the need to manually track USD-to-INR conversion for each vest.

Question 3

What is the LTCG holding period for US stocks held by Indian residents?

Accepted Answer

For Indian residents, the long-term capital gains (LTCG) holding period for foreign equity (including US RSUs) is 24 months, not the US 12-month threshold. Rovia shows a 24-month countdown per lot so you never misclassify gains.

Question 4

Does transferring RSUs to Rovia trigger a capital gains tax event?

Accepted Answer

No. Transferring RSUs via ACATS (Automated Customer Account Transfer Service) is an in-kind share transfer. No shares are sold during the transfer. Your holding period and cost basis are preserved. There is no capital gains event.

Question 5

What is Schedule FA and does Rovia help with it?

Accepted Answer

Schedule FA (Foreign Assets) is a mandatory disclosure in the Indian Income Tax Return for residents who hold foreign assets including US stocks. Rovia auto-generates Schedule FA disclosures using your holding data, including peak balance calculations.

Question 6

Which US companies are supported on Rovia?

Accepted Answer

Rovia supports RSU transfers from employees at 48 US technology companies including Google (Alphabet), Meta, Microsoft, Amazon, Apple, Netflix, Salesforce, ServiceNow, PayPal, Uber, Adobe, Intel, AMD, NVIDIA, Qualcomm, and more.

Your RSUs vest in USD.

Manage them in India.

Built for India. Not America.

INR cost basis, automatically

24-month LTCG countdown per lot

0 platform FX markup

Schedule FA auto-generated

Form 67 / FTC prep

India-based support, IST hours

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