NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

Page 106 Of 122

Go to:

  • SEBI Guidelines: Mandate tax-related disclosures to clients.
  • Dividend Taxation: Withdrawn at source for NRIs at specified rates.
  • LTCG Exemption: Up to Rs. 1.25 lakh for equity investments annually.
  • Taxable Income: Includes gains and income from PMS portfolios.
  • Portfolio Manager Role: Provides tax reports for client compliance.

NISM PMS Distributors ( NISM 21A )

Copyright 2025 - MODELEXAM MODELEXAM®