Portfolio Management Taxability India (PMS) are predominantly made in the equity asset class, the taxation remains the same as for Equity Shares. The long term defined as more than 1 year is taxed at 10% and short term defined as less than 1 year is taxed at 15%. PMS is a very tax transparent product and asset managers regularly update investors on short term and long term capital gains from which investors can derive tax liabilities very easily.
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