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Singapore Exchange · Industrials

Invest in Ever Glory United stock from India

Indian and foreign residents can buy Ever Glory United (ZKX) shares directly through Paasa.

By Paasa · Updated

Ever Glory United at a glance

Price
S$0.67-S$0.01 (1.47%)
Market cap
S$335.70M
Day range
S$0.67 – S$0.69
P/E
—
Dividend yield
—
Volume
141.00K
1 month
-13.55%
6 months
-17.79%
YTD
+2.76%
1 year
+17.13%
5 years
—

Live chart and statistics

How to invest in Ever Glory United from India

  1. 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.

  2. 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 SGD when you buy.

  3. Step 3

    Search ZKX and buy

    Find Ever Glory United by name or by its ticker, ZKX, and place your order.

Why invest in Ever Glory United from India

What Ever Glory United does

Ever Glory United Holdings Limited, an investment holding company, provides mechanical and electrical engineering services for the public and private sectors in Singapore. The company operates through the M&E Engineering Services and Property Development segments. Ever Glory United operates in the Engineering & Construction industry within the Industrials 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 Ever Glory United stock from India?

Yes. Indian residents and NRIs can buy Ever Glory United (ZKX) shares directly through Paasa. Ever Glory United is listed on the Singapore Exchange, in the Engineering & Construction industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.

How are Ever Glory United dividends taxed for Indian investors?

Singapore levies 0% withholding tax on dividends from resident companies. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment, which is what you need when you file.

What tax do I pay in India when I sell Ever Glory United shares?

Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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 SGD/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.

Would my heirs owe estate tax on Ever Glory United shares?

Singapore imposes no estate or inheritance tax on listed securities. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.

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