Information
Taxation
Information
What Is Portfolio Management Service?
Portfolio Management Service (PMS), is a service offered by the portfolio manager in which an investment portfolio of predominantly stocks and other stock-related instruments is created to achieve specific investment goals. Portfolio Management Service is handled and managed by a professional money manager who creates and customizes the portfolio based on the underlying objective of the PMS.
Investing In Portfolio Management Service:
Portfolio Management Service or PMS can focus more on performance by making investment decisions in a way in which the absolute returns are maximized. Here are a few benefits of investing in PMS
Pre-requisites For PMS:
Taxation
| Sr. No. | Type of Income | Taxation |
|---|---|---|
| 01 | Sale of Listed Shares – STT paid at the time of purchase and sale (except for shares purchased before STT came in force). | Period of holding less than 1 year – Short Term Capital Gain. Capital gain @ 15%. (U/s. 112A) |
| Period of holding more than 1 year – Long Term Capital Gain. Capital gain @ 10%. Exempted up to Rs. 1,00,000. (U/s. 112A) |
