NISM 10B Investment Adviser Level 2 Notes

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  • Amalgamation: Share exchange in amalgamated company not taxable.
  • Demerger Conditions: Must meet Section 2(19AA) for tax exemption.
  • SLB Taxation: Lending fees taxable as business or other sources income.
  • Preference Shares: Taxed based on listing and holding period.
  • Share Warrants: Conversion to shares not taxable; gains on sale taxable.

NISM 10B NISM Investment Adviser Level 2

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