NISM 19A AIF Distributors Certification Exam Notes

Page 33 Of 50

Go to:

  • Business Loss: Retained at fund level, carried forward for set-off.
  • Non-Business Loss: Passed to investors if units held for over 12 months.
  • Withholding Tax: 10% on non-business income for residents, variable for non-residents.
  • Section 194LBB: Mandates withholding tax on AIF income distributions.
  • Non-Resident Certificates: Allow lower or nil withholding tax under Section 195(3).

NISM 19A AIF Distributors

Copyright 2025 - MODELEXAM MODELEXAM®