NISM 21B Portfolio Managers Exam Notes

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  • Business Income: Taxed differently from capital gains.
  • Tax Deductions: Available for ELSS, other investments.
  • Tax Rebates: Reduce liability, e.g., Section 80C.
  • Advance Tax: Payable if liability > Rs.10,000.
  • TDS: Deducted on dividends, interest.

NISM 21B Portfolio Managers

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