NISM 10B Investment Adviser Level 2 Notes

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  • Section 56(2): Taxes certain receipts in special cases like rights renouncement.
  • Business Trust: Special provisions for REITs/InvITs in M&A.
  • Fair Market Value: Used for unlisted securities in special cases.
  • Capital Asset: Includes shares or securities in special transactions.
  • Holding Period: Determines short- or long-term nature of gains.

NISM 10B NISM Investment Adviser Level 2

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