NISM 21B Portfolio Managers Exam Notes

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  • Indexation: Adjusts cost for inflation, reduces gains.
  • Dividend Income: Taxed at slab rates post-2020.
  • Interest Income: Taxed at slab rates, e.g., bond interest.
  • Section 9A: Governs offshore fund taxation.
  • Safe Harbour Rules: Provide tax certainty for offshore funds.

NISM 21B Portfolio Managers

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