The tax liability of a PMS investor would be the same as that of an individual investor directly accessing the capital markets.

The gains will be classified in the following manner:

Income Head : Business income/ Capital gains


Holding Period:

  • Long Term (holding period >12 Months) ( In budget 2018, LTCG 10% applicable above the gain of one lakh in a financial year.)
  • Short Term (holding period <12 Months) ( STCG 15%)


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