NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Capital Gains: Profits from selling assets, taxed based on holding period.
  • Long-Term Capital Gains (LTCG): Gains on equity held over one year, taxed at 12.5%.
  • Short-Term Capital Gains (STCG): Gains on equity held under one year, taxed at 20%.
  • Dividend Income: Taxed at slab rates for resident individuals.
  • Indexation Benefit: Removed for assets acquired after April 1, 2023.

NISM PMS Distributors ( NISM 21A )

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