NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Tax Pass-Through: Category I and II AIFs pass income to investors.
  • Interest Income: Taxed as “Income from Other Sources” under ITA.
  • Dividend Income: Subject to TDS at 10% for resident investors.
  • Capital Gains: Taxed based on holding period and asset type.
  • Long-Term Capital Gains: Taxed at 12.5% for listed securities held over 12 months.

NISM 19D Alternative Investment Fund Managers

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