About NISM-Series-XX-Taxation in Securities Markets Certification Examination

Examination will be available from July 12, 2021.

NISM-Series-XX-Taxation in Securities Markets Certification Examination is a voluntary examination.

NISM-Series-XX-Taxation in Securities Markets Certification Examination seeks to create knowledge amongst market participants about the different taxation aspects in the Securities Markets. 

NISM-Series-XX-Taxation in Securities Markets Certification Examination is a voluntary examination and is open to all. This examination can be taken by professionals who want to know about the different taxation aspects in the Securities Markets.

Examination Objectives

On successful completion of the examination, the candidate should:

  • 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 etc.

Assessment Structure

The examination consists of 75 multiple choice questions (50 questions of 1-mark each and 25 questions of 2-marks each), adding to a total of 100 marks. The assessment structure is as follows:

Multiple Choice Questions [50 questions of 1-mark each] 50 * 1 = 50 marks
Multiple Choice Questions [25 questions of 2-marks each] 25 * 2 = 50 marks
Total [75 questions] 100 marks

The examination should be completed in 2 hours.

The passing score for the examination is 60 marks (i.e., 60%).

There shall be negative marking of 25% of the marks assigned to the question for each wrong answer (i.e., the applicable negative marking will be -0.25 marks in case of a 1-mark question and -0.50 marks in case of a 2-marks question).

Test Details

+ Inclusive of Goods and Services Tax (GST). Payment Gateway Charges extra.

~ 50 multiple choice questions of 1-mark each and 25 multiple choice questions of 2-marks each, adding to a total of 100 marks.

* Negative marking: –25% of the marks assigned to the question (i.e., the applicable negative marking will be -0.25 marks in case of a 1-mark question and -0.50 marks in case of a 2-marks question).

# Passing Certificate will be issued only to those candidates who have furnished / updated their Income Tax Permanent Account Number (PAN) in their registration details.