NISM 21B Portfolio Managers Exam Notes

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  • Investor Taxation: Varies by income, residency, asset type.
  • Resident Taxation: Taxed on global income.
  • Non-Resident Taxation: Taxed on India-sourced income.
  • Capital Gains: Taxed on asset sale profits.
  • Short-Term Capital Gains (STCG): ≤1 year (equities), ≤3 years (others).

NISM 21B Portfolio Managers

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