NISM 10B Investment Adviser Level 2 Notes

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  • Buyback Tax: Earlier taxed as DDT, now capital gains for shareholders.
  • M&A Taxation: Capital gains arise on subsequent sale of allotted shares.
  • SLB Contract: Regulated by SEBI, treated as loan for tax purposes.
  • Convertible Debentures: Conversion not taxable; gains on sale taxable.
  • Indexation: Available for unlisted securities in special cases.

NISM 10B NISM Investment Adviser Level 2

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