Investment -Tax Tribunal adds to woes of portfolio management services
The Portfolio Management Tax liability India under the PMS investment is same that of an Equity investment where short term capital gains are charged at 15% and long term at 10%. The investors pay short term/ long term capital gains, depending on the churn that the fund manager has done on the portfolio. However, at the end of every financial year, the portfolio manager provides an audited account statement to aid the investor in assessing his / her tax liabilities.
'PMS & AIF provide best in class investment products that are relevant to the profiles of informed and savvy investors. We research and present data points across product, portfolio and performance attributes. Working from the clients' perspective, we provide all possible information to make an informed decision.
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