NISM 19E Alternative Investment Fund Managers Certification Exam Notes

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  • Maximum Marginal Rate (MMR): Applied to indeterminate trusts under section 164.
  • Dividend Taxation: Taxed in investors’ hands at applicable rates.
  • Derivative Gains: Treated as business income or capital gains, per transaction.
  • Tax Reporting: AIFs file returns and comply with TDS requirements.
  • SEBI Regulations: Align tax compliance with AIF operational rules.

NISM 19E Alternative Investment Fund Managers

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