NISM 10B Investment Adviser Level 2 Notes

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  • REIT Distributions: Interest taxable at slab rates for unit-holders.
  • InvIT Distributions: Similar to REITs, interest and dividends taxable.
  • AIF Income: Taxed in investor’s hands for pass-through funds.
  • ULIP Taxation: Maturity proceeds exempt if conditions met.
  • Section 10(10D): Exempts life insurance proceeds under certain limits.

NISM 10B NISM Investment Adviser Level 2

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