Taxmann Taxation in Securities Markets By National Institute of Securities Markets Edition 2023

Taxmann Taxation in Securities Markets Edition 2023

Taxmann Taxation in Securities Markets Edition 2023

This book provides complete information about the Income-tax & GST implications of the securities market transactions covering 30+ securities. This book is divided into three sections, covering provisions applicable to traders, & investors:

• Introduction to Securities Markets and Securities
• Provisions in Respect of Investors
• Provisions in Respect of Traders

This book will also benefit all those who want to learn about the taxation concepts and aspects relating to the products and intermediaries of the Securities Markets.

The Present Publication is the August 2023 workbook version, authored & published exclusively by Taxmann for NISM Certification Examination XX [Taxation in Securities Markets], with the following noteworthy features:

• [Know the Basics] of the Indian Securities Market-Structure, Participants, Products and Features
• [Know the Basic Concepts] in Taxation, Capital Gains, Sources of Income, etc.
• [Understand the Taxation of Products] available in the market viz., Equity, Debt, ESOPs, Exchange Traded Funds, Alternate Investment Funds, Real Estate Investment Trusts, Infrastructure Investment Trust and Derivative products
• Taxation in the hands of the Intermediaries, Foreign Portfolio Investors, IFSC Units etc.

The contents of the book are as follows:

Introduction to Securities Markets and Securities

• Concepts in Taxation
• Capital Gains
• Income from other Sources

Provisions in Respect of Investors

• Taxation of Debt Products
• Taxation of Equity Products
• Taxation of other Products

Provisions in Respect of Traders

• Business Income
• Taxation in the hands of the Intermediaries
• Taxation – In the hands of the Foreign Portfolio Investor (FPIs)
• Tax Implications of IFSC
• Tax Provisions for Special Cases
• Indirect Taxes in Securities Markets

Annexures

• Maintenance of Accounts
• Due Date for Filing of Income-tax Return
• Penalty for Non-Compliance
• Summarized Tax Table – Product-wise
• Tax Rates for Assessment Year 2024-25
• Deductions under Income-tax Act
• Exemptions under Income-tax Act
• Tax on Transfer of Securities
• Cost Inflation Index

About the author

National Institute of Securities Markets | An Educational Initiative of SEBI

NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of the financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professionals meet the defined minimum common knowledge benchmark for various critical market functions like:

• Mutual Funds
• Equities
• Derivatives
• Securities Operations
• Compliance
• Research Analysis
• Investment Advice

These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.