NISM 10B Investment Adviser Level 2 Notes

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  • Tax Audit: Applies if trading in other products exceeds limits.
  • Loss Set-Off: Losses from other products set off against capital gains.
  • Loss Carry Forward: Capital losses carried forward for 8 years.
  • Section 56(2): Taxes certain receipts like high-premium ULIP proceeds.
  • Business Trust: REITs and InvITs treated as business trusts for tax.

NISM 10B NISM Investment Adviser Level 2

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