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What are the tax implications of investments in PMS?

April 26, 2017implications investments PMS tax

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What are the tax implications of investments in PMS?

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Under the PMS each transaction scheme will be considered as an independent trade and capital gains will be applied on each depending upon whether the relevant stock was held long term or short term. Presently 15% tax is chargeable for Short Term Capital gains and no tax is chargeable on Long Term Capital Gains. The STT charges will also apply.