NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • PMS Taxation: No deductions allowed for management fees in PMS.
  • NRI Taxation: Subject to TDS on capital gains and dividends.
  • TDS Rates: 20% for STCG, 12.5% for LTCG exceeding Rs. 1.25 lakh.
  • NRE PMS Account: Allows repatriation of funds for NRIs.
  • NRO PMS Account: Non-repatriable, used for Indian income.

NISM PMS Distributors ( NISM 21A )

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