NISM 10B Investment Adviser Level 2 Notes

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  • Pass-Through Status: Ensures income taxed only in investor’s hands.
  • Buyback of Shares: Taxed as capital gains for shareholders post-2024.
  • Rights Issues: Capital gains on sale of rights shares or renouncement.
  • Mergers & Acquisitions: No capital gains on share exchange in amalgamation.
  • Demerger: No capital gains on share allotment in demerged company.

NISM 10B NISM Investment Adviser Level 2

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