NISM 10B Investment Adviser Level 2 Notes

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  • Section 58: Lists non-deductible expenses under this head.
  • REIT Dividends: Taxable unless distributed from exempt income.
  • InvIT Distributions: Interest and dividends taxable in unit-holder’s hands.
  • Composite Rent: Apportioned between property and other sources.
  • Advance Salary: Not taxable under other sources, but under salary.

NISM 10B NISM Investment Adviser Level 2

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