NISM 10B Investment Adviser Level 2 Notes

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  • InvITs: Interest and dividends taxable; gains based on holding period.
  • AIFs: Pass-through taxation for Category I and II; Category III taxed as trust.
  • Keyman Insurance: Sum received taxable as business income.
  • High Premium ULIPs: Taxable if premium exceeds 10% of sum assured.
  • Gold ETFs: Taxed as capital gains based on holding period.

NISM 10B NISM Investment Adviser Level 2

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