Flagship Communities Real Estate Investment Trust

Yes. Flagship Communities Real Estate Investment Trust (MHC-U) has been listed on the Toronto Stock Exchange since 2020, in the REIT - Residential 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. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.

One Flagship Communities Real Estate Investment Trust share is $21.50 — about ₹2,041 at a USD/INR rate of 94.93 on 2 Nov 2026. Both the Flagship Communities Real Estate Investment Trust 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.

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 USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Flagship Communities Real Estate Investment Trust price. Paasa issues a capital-gains statement for your return.

Yes. Flagship Communities Real Estate Investment Trust pays a dividend — the most recent was $0.66 per share, about ₹62.89. Dividends are taxed at your slab rate in India. Paasa's dividend report covers each payment.

The Toronto Stock Exchange trades 8:00 pm – 2:30 am IST in Indian time, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when Canada is on daylight time. Orders can only execute during that window.

Flagship Communities Real Estate Investment Trust trades on the Toronto Stock Exchange in US dollars, but the company is domiciled in United States. Flagship Communities Real Estate Investment Trust trades as an ordinary share listed directly in Canada, not a depositary receipt. Your India-side capital-gains treatment is the same either way.

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 Flagship Communities Real Estate Investment Trust holding, its cost and its closing value.

You sell during market hours (8:00 pm – 2:30 am IST) and the proceeds settle in USD 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.

Yes. Flagship Communities Real Estate Investment Trust is priced in USD, so your rupee outcome combines the USD move with the USD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.