NISM 21B Portfolio Managers Exam Notes

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  • Wealth Tax: Abolished, replaced by surcharge.
  • Tax Compliance: PMS ensures TDS, advance tax.
  • Capital Gains Exemption: For reinvestment in specified assets.
  • Tax Audit: Required for high-value portfolios.
  • Investor Awareness: PMS educates on tax implications.

NISM 21B Portfolio Managers

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