NISM 10B Investment Adviser Level 2 Notes

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  • Presumptive Taxation: Simplified tax for small businesses under Section 44AD.
  • Set-Off and Carry Forward: Losses can offset income or be carried forward.
  • Short-Term Capital Loss: Set off against short- or long-term gains.
  • Long-Term Capital Loss: Set off only against long-term gains.
  • Business Loss: Carried forward for 8 years, set off against business income.

NISM 10B NISM Investment Adviser Level 2

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