NISM-Series-XX-Taxation in Securities Markets

NISM-Series-XX-Taxation in Securities Markets

Description

NISM-Series-XX-Taxation in Securities Markets Certification Examination is a voluntary examination that seeks to create knowledge amongst market participants about the different taxation aspects in the Securities Markets. This examination can be taken by professionals who want to know about the different taxation aspects in the Securities Markets. This exam covers provisions that are relevant to investors and traders/brokers and is organized into three sections:

  • A Brief Overview of Securities Markets and Securities
  • Provisions Regarding Investors
  • Provisions Regarding Traders

This exam will also be helpful to anyone interested in learning about the principles of taxation and how they apply to the products and intermediaries in the securities markets.

Highlight

The exam covers complete information about the Income-tax & GST implications of the securities market transaction including:

  • An Overview of the Securities Markets
  • Concept of Taxation
  • Capital Gains
  • Revenue from Additional Sources
  • Taxation of Debt, Equity & other products
  • Business Income
  • Taxation – In The Hands of Foreign Portfolio Investors (FPI) and intermediaries
  • Tax Implications of IFSC
  • Tax Provisions for Unusual Situations
  • Securities Market Indirect Taxes

Sample Paper

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Objective

Following successful completion of the NISM Series XX exam, the applicant ought to:

  • Understand the fundamentals of the Participants, Structure, Products, and features of the Indian Securities Market.
  • Understand the fundamentals of capital gains, taxes, income sources, etc.
  • Recognize how the various products on the market—derivatives, exchange-traded funds, equity, debt, ESOPS, alternative investment funds, real estate investment trusts, infrastructure investment trusts, and so on—are taxed.
  • Taxation under the control of IFSC, Foreign Portfolio Investors, Intermediaries, etc.