Toronto Stock Exchange · Technology
Invest in Beyond Oil stock from India
Indian and foreign residents can buy Beyond Oil (BOIL) shares directly through Paasa.
By Paasa · Updated
Beyond Oil at a glance
- Price
- CA$1.80+CA$0.03 (1.69%)
- Market cap
- CA$146.04M
- Day range
- CA$1.77 – CA$1.80
- P/E
- —
- Dividend yield
- None
- Volume
- 5.30K
- 1 month
- -0.55%
- 6 months
- -37.93%
- YTD
- -38.57%
- 1 year
- -56.94%
- 5 years
- -56.94%
How to invest in Beyond Oil from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search BOIL and buy
Find Beyond Oil by name or by its ticker, BOIL, and place your order.
Why invest in Beyond Oil from India
What Beyond Oil does
Beyond Oil Ltd. is a food-tech innovation company, which engages in developing solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies. The company's patented technology, with regulatory clearances from the FDA and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil operates in the Information Technology Services industry within the Technology sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Beyond Oil stock from India?
Yes. Indian residents and NRIs can buy Beyond Oil (BOIL) shares directly through Paasa. Beyond Oil is listed on the Toronto Stock Exchange, in the Information Technology Services industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Beyond Oil shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.