Singapore Exchange · Technology
Invest in iWOW Technology stock from India
Indian and foreign residents can buy iWOW Technology (NXR) shares directly through Paasa.
By Paasa · Updated
iWOW Technology at a glance
- Price
- S$0.20+S$0.00 (0.00%)
- Market cap
- S$72.42M
- Day range
- S$0.19 – S$0.20
- P/E
- —
- Dividend yield
- —
- Volume
- 464.30K
- 1 month
- -16.17%
- 6 months
- -51.36%
- YTD
- -53.10%
- 1 year
- -59.38%
- 5 years
- —
How to invest in iWOW Technology 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 NXR and buy
Find iWOW Technology by name or by its ticker, NXR, and place your order.
Why invest in iWOW Technology from India
What iWOW Technology does
iWOW Technology Ltd. operates as an investment holding company which engaged in the research, development, and manufacture of wireless communication equipment. It operates through the following business segments: Smart City Solutions (SCS), IoT-as-a-Service (IaaS), and Smart City Infrastructure (SCI). iWOW Technology operates in the Software - Application industry within the Technology 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 iWOW Technology stock from India?
Yes. Indian residents and NRIs can buy iWOW Technology (NXR) shares directly through Paasa. iWOW Technology is listed on the Singapore Exchange, in the Software - Application 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 iWOW Technology 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 iWOW Technology 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 iWOW Technology 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.