NISM 19A AIF Distributors Certification Exam Notes

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  • Dividend Taxation: No DDT; taxable in shareholders’ hands.
  • Interest Deduction: Up to 20% of dividend income for borrowed funds.
  • Debenture Conversion: Not taxable; cost and holding period carry over.
  • Preference Share Conversion: Similar tax treatment as debenture conversion.
  • Buyback Gains: Exempt under Section 10(34A) for investors.

NISM 19A AIF Distributors

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