NISM 10B Investment Adviser Level 2 Notes
Page 123 Of 180
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Nomination: Designates recipient for specific assets like bank accounts.
Joint Ownership: Assets pass to surviving owner without probate.
Power of Attorney: Authorizes another to act on one’s behalf.
Estate Tax: Abolished in India, no direct tax on inheritance.
Capital Gains Tax: Applies on asset transfer post-death, based on cost to deceased.
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