Since SEBI PMS guidelines were established in 1993, portfolio management services (PMS) have flourished in India. PMS taxes is an integral part of the PMS system. Now, investors care about PMS taxes because they want to know what their returns will be after taxes. In this article, we explore the details of PMS taxes in India, including how and why PMS is taxed. When compared to mutual funds, PMS are taxed substantially differently because they are simply considered as the PMS buying and selling assets on your behalf. Because of this, there is a need for a deeper familiarity with how PMS is taxed.
