NISM 10B Investment Adviser Level 2 Notes

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  • Amalgamation: No capital gains on share exchange in amalgamated company.
  • Bonus Shares: Cost of acquisition is nil for capital gains computation.
  • Rights Shares: Cost is the amount paid for acquiring rights.
  • Share Warrants: Conversion to shares not taxable; gains taxed on sale.
  • ESOPs: Taxed at exercise and sale, as perquisite and capital gains.

NISM 10B NISM Investment Adviser Level 2

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