NISM 10B Investment Adviser Level 2 Notes

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  • Portfolio Management Services: Taxed like direct equity investments.
  • ESOPs: Taxed as perquisite on exercise, capital gains on share sale.
  • Sovereign Gold Bonds: Interest taxable; capital gains exempt on redemption.
  • NPS Taxation: Contributions deductible, withdrawals partially exempt.
  • REITs: Dividends taxable unless from exempt income; gains as capital gains.

NISM 10B NISM Investment Adviser Level 2

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