NISM 10B Investment Adviser Level 2 Notes

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  • Other Sources: Residual head for income not covered under other heads.
  • Interest Income: Taxable under other sources, e.g., bank deposits, bonds.
  • Dividend Income: Taxable at slab rates in shareholder’s hands.
  • Lottery Winnings: Taxed at 30% with no deductions allowed.
  • Gift Taxation: Gifts exceeding Rs. 50,000 taxable, except from relatives.

NISM 10B NISM Investment Adviser Level 2

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