Singapore Exchange · Utilities
Invest in Gulf Development Public stock from India
Indian and foreign residents can buy Gulf Development Public (TGUD) shares directly through Paasa.
By Paasa · Updated
Gulf Development Public at a glance
- Price
- S$2.37+S$0.00 (0.00%)
- Market cap
- S$35.41B
- Day range
- S$2.37 – S$2.37
- P/E
- —
- Dividend yield
- —
- Volume
- 9.40K
How to invest in Gulf Development Public 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 SGD when you buy.
Step 3
Search TGUD and buy
Find Gulf Development Public by name or by its ticker, TGUD, and place your order.
Why invest in Gulf Development Public from India
What Gulf Development Public does
Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally. The company operates through Power Business, Consulting Business, Infrastructure Business and Satellite and Digital Business segments. Gulf Development Public operates in the Independent Power Producers industry within the Utilities 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 Gulf Development Public stock from India?
Yes. Indian residents and NRIs can buy Gulf Development Public (TGUD) shares directly through Paasa. Gulf Development Public is listed on the Singapore Exchange, in the Independent Power Producers 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 Gulf Development Public dividends taxed for Indian investors?
Gulf Development Public trades on the Singapore Exchange but is domiciled in Thailand, so any withholding on its dividends follows that country's rules rather than those of Singapore. 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 Gulf Development Public 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.