NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Business Income: Taxed at applicable slab rates for Category III AIFs.
  • Tax Deduction at Source (TDS): Applied on distributions to investors, per ITA.
  • Income Tax Act (ITA): Governs taxation of AIF income and distributions.
  • Determinate Trusts: Beneficiaries and shares are fixed, impacting tax treatment.
  • Indeterminate Trusts: Beneficiaries or shares unknown, taxed at MMR.

NISM 19E Alternative Investment Fund Managers

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