Toronto Stock Exchange · Industrials
Invest in General Electric stock from India
Indian and foreign residents can buy General Electric (GE) shares directly through Paasa.
By Paasa · Updated
General Electric at a glance
- Price
- CA$41.25-CA$0.04 (0.10%)
- Market cap
- CA$442.55B
- Day range
- CA$41.25 – CA$41.50
- P/E
- —
- Dividend yield
- —
- Volume
- 2.57K
- 1 month
- -7.53%
- 6 months
- +11.07%
- YTD
- +0.46%
- 1 year
- —
- 5 years
- —
How to invest in General Electric 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 GE and buy
Find General Electric by name or by its ticker, GE, and place your order.
Why invest in General Electric from India
What General Electric does
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. [15] General Electric operates in the Aerospace & Defense 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 General Electric stock from India?
Yes. Indian residents and NRIs can buy General Electric (GE) shares directly through Paasa. General Electric is listed on the Toronto Stock Exchange, in the Aerospace & Defense 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 General Electric dividends taxed for Indian investors?
General Electric trades on the Toronto Stock Exchange but is domiciled in United States, so any withholding on its dividends follows that country's rules rather than those of Canada. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell General Electric 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.