NISM 10B Investment Adviser Level 2 Notes

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  • STT: Paid on buyback if shares are listed, impacts tax rate.
  • Section 2(19AA): Defines demerger for tax exemption purposes.
  • Section 2(1B): Defines amalgamation for tax exemption.
  • Loss Set-Off: Losses from special cases set off against capital gains.
  • Loss Carry Forward: Capital losses carried forward for 8 years.

NISM 10B NISM Investment Adviser Level 2

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