NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Tax Treaties: DTAA benefits may apply to foreign investors.
  • Loss Carry Forward: Losses can be carried forward as per tax laws.
  • Tax Exemptions: Certain Category I AIFs may qualify for tax exemptions.
  • Expense Allocation: Tax-deductible expenses are allocated per PPM.
  • Valuation Impact: Affects taxable income and investor distributions.

NISM 19C Alternative Investment Fund Managers

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