New Delhi, Oct. 7 -- You start your day with a bowl of Kellogg's cornflakes, log in to work on your Windows PC or MacBook, and spend the day querying Google while sipping a Starbucks coffee. When it's time to unwind, you turn on your favourite show on Netflix or doomscroll Instagram. These companies, among many others, are an integral part of our lives, but none are listed in India-they're all US companies.

This is in part why a growing number of Indians are dipping their toes-and sometimes an arm and a leg-into American stocks.

If you're one of these investors, or looking to be, here's a tip to save tax on dividends using the double tax avoidance agreement (DTAA) between India and the US.

Let's say you invested $1,000 in Microsoft and...