Singapore Exchange · Energy
Invest in Interra Resources stock from India
Indian and foreign residents can buy Interra Resources (5GI) shares directly through Paasa.
By Paasa · Updated
Interra Resources at a glance
- Price
- S$0.04+S$0.00 (0.00%)
- Market cap
- S$22.79M
- Day range
- S$0.04 – S$0.04
- P/E
- —
- Dividend yield
- None
- Volume
- 706.60K
- 1 month
- +0.00%
- 6 months
- +0.00%
- YTD
- +0.00%
- 1 year
- +0.00%
- 5 years
- -16.28%
How to invest in Interra Resources 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 5GI and buy
Find Interra Resources by name or by its ticker, 5GI, and place your order.
Why invest in Interra Resources from India
What Interra Resources does
Interra Resources Ltd. is an investment holding company, which engages in the exploration and operation of oil fields for crude petroleum production. It operates through the following geographical segments: Indonesia, Myanmar, and All Other. Interra Resources operates in the Oil & Gas Exploration & Production industry within the Energy 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 Interra Resources stock from India?
Yes. Indian residents and NRIs can buy Interra Resources (5GI) shares directly through Paasa. Interra Resources is listed on the Singapore Exchange, in the Oil & Gas Exploration & Production 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 Interra Resources dividends taxed for Indian investors?
Interra Resources does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, singapore levies 0% withholding tax on dividends from resident companies, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell Interra Resources 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 Interra Resources 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.