NISM 10B Investment Adviser Level 2 Notes

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  • SLB: Securities Lending and Borrowing, no capital gains on lending.
  • Convertible Securities: Conversion to shares not taxable; gains on sale taxable.
  • Section 47: Exempts transfers like amalgamation or demerger.
  • Section 46A: Taxes buyback proceeds as capital gains.
  • Rights Renouncement: Taxable as capital gains or other sources income.

NISM 10B NISM Investment Adviser Level 2

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