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Singapore Exchange · Industrials

Invest in Resources Global Development stock from India

Indian and foreign residents can buy Resources Global Development (V7R) shares directly through Paasa.

By Paasa · Updated

Resources Global Development at a glance

Price
S$0.29+S$0.00 (0.00%)
Market cap
S$142.50M
Day range
S$0.28 – S$0.29
P/E
—
Dividend yield
—
Volume
8.90K
1 month
+16.33%
6 months
+21.28%
YTD
+32.56%
1 year
+29.55%
5 years
+247.56%

Live chart and statistics

How to invest in Resources Global Development from India

  1. 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.

  2. 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.

  3. Step 3

    Search V7R and buy

    Find Resources Global Development by name or by its ticker, V7R, and place your order.

Why invest in Resources Global Development from India

What Resources Global Development does

Resources Global Development Ltd. engages in procuring and sale of coal. It operates through the following segments: Trading Business and Shipping Services. Resources Global Development operates in the Industrial - Distribution 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 Resources Global Development stock from India?

Yes. Indian residents and NRIs can buy Resources Global Development (V7R) shares directly through Paasa. Resources Global Development is listed on the Singapore Exchange, in the Industrial - Distribution 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 Resources Global Development 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 Resources Global Development 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 Resources Global Development 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.

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