Singapore Exchange · Real Estate
Invest in IPC stock from India
Indian and foreign residents can buy IPC (AZA) shares directly through Paasa.
By Paasa · Updated
IPC at a glance
- Price
- S$0.12+S$0.00 (0.00%)
- Market cap
- S$10.06M
- Day range
- S$0.12 – S$0.12
- P/E
- —
- Dividend yield
- None
- Volume
- 4.80K
- 1 month
- -5.60%
- 6 months
- -23.38%
- YTD
- -32.57%
- 1 year
- -21.33%
- 5 years
- -21.85%
How to invest in IPC 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 AZA and buy
Find IPC by name or by its ticker, AZA, and place your order.
Why invest in IPC from India
What IPC does
IPC Corporation Ltd, an investment holding company, engages in property development and investment activities in Singapore, Japan, and China. It operates through Properties, Hotel Management, Investment, and Others segments. IPC operates in the Travel Services industry within the Real Estate 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 IPC stock from India?
Yes. Indian residents and NRIs can buy IPC (AZA) shares directly through Paasa. IPC is listed on the Singapore Exchange, in the Travel 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.
How are IPC dividends taxed for Indian investors?
IPC 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 IPC 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 IPC 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.