NISM 10B Investment Adviser Level 2 Notes
Page 78 Of 180
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Specified Relatives: Gifts from these are exempt from tax.
HUF Partition: Assets received not taxable under other sources.
Reverse Mortgage: Loan receipts exempt under Section 47.
Keyman Insurance: Sum received taxable as other sources income.
Mutual Fund Income: Dividends taxable at slab rates.
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