NISM 10B Investment Adviser Level 2 Notes

Page 62 Of 180

Go to:

  • Surcharge: Additional tax on high-income earners.
  • Cess: Education and health cess applied on tax liability.
  • Indexation: Adjusts asset cost for inflation to compute capital gains.
  • Deemed Owner: Person treated as owner for tax purposes, e.g., spouse-gifted property.
  • Clubbing of Income: Income of spouse or minor child added to assessee’s income.

NISM 10B NISM Investment Adviser Level 2

Copyright 2025 - MODELEXAM MODELEXAM®