NISM 19A AIF Distributors Certification Exam Notes

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  • CBDT Guidance: Lists factors like intention and holding period for capital gains.
  • Listed Shares: Held over 12 months, taxed as capital gains unless treated as stock-in-trade.
  • Unlisted Shares: Always taxed as capital gains, except in specific cases.
  • AIF Exemption: Category I/II AIFs exempt from control-related unlisted share exceptions.
  • Resident Taxation: Interest and dividends taxed at applicable rates.

NISM 19A AIF Distributors

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