NISM 10B Investment Adviser Level 2 Notes

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  • Resident and Ordinarily Resident: Taxed on worldwide income.
  • Non-Resident: Taxed only on India-sourced income.
  • Resident but Not Ordinarily Resident: Taxed on India-sourced and select foreign income.
  • Income Heads: Salary, house property, business, capital gains, other sources.
  • Gross Total Income: Sum of income from all heads before deductions.

NISM 10B NISM Investment Adviser Level 2

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