Oiltek International Limited

Yes. Oiltek International (HQU) has been listed on the Singapore Exchange since 2022, in the Industrial - Machinery industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.

One Oiltek International share is S$1.10 — about ₹81 at an SGD/INR rate of 73.41 on 10 Nov 2026. Both the Oiltek International price and the rupee rate move during the day, so the rupee cost changes with them.

Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.

Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Oiltek International price. Paasa issues a capital-gains statement for your return.

Yes. Oiltek International pays a dividend — the most recent was S$0.01 per share, about ₹0.73. Dividends are taxed at your slab rate in India. Paasa's dividend report covers each payment.

The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.

Oiltek International trades on the Singapore Exchange in SGD, but the company is domiciled in Malaysia. Oiltek International trades as an ordinary share listed directly in Singapore, not a depositary receipt. Your India-side capital-gains treatment is the same either way.

Singapore levies no stamp duty or transaction tax on listed equities.

Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Oiltek International holding, its cost and its closing value.

You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.