NISM 10B Investment Adviser Level 2 Notes

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  • Fair Market Value: Used for assets acquired before 2001 or gifted assets.
  • STT: Securities Transaction Tax paid on listed equity share transactions.
  • Section 50C: Deems stamp duty value as consideration for immovable property.
  • Section 50D: Fair market value as consideration for unlisted assets.
  • Advance Money Forfeiture: Taxable as income if deal fails, not capital gains.

NISM 10B NISM Investment Adviser Level 2

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