NISM 19D Alternative Investment Fund Managers Certification Exam Notes

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  • Short-Term Capital Gains: Taxed at 15% for listed securities held under 12 months.
  • Unlisted Securities: Long-term gains taxed at 12.5% if held over 36 months.
  • Tax Deduction at Source (TDS): Applied on distributions to investors.
  • Double Taxation Avoidance Agreement (DTAA): Reduces tax liability for NRIs.
  • Minimum Alternate Tax (MAT): Not applicable to pass-through AIFs.

NISM 19D Alternative Investment Fund Managers

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