NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Income Classification: Income is classified as capital gains, interest, or dividends.
  • Tax Compliance: AIFs must file returns and comply with tax laws.
  • Investor KYC: Ensures compliance with tax and AML regulations.
  • Fund Closure: Tax implications arise during liquidation and distribution.
  • Distribution Waterfall: Impacts tax liability based on profit allocation.

NISM 19C Alternative Investment Fund Managers

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