NISM 10B Investment Adviser Level 2 Notes

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  • Section 112A: Governs long-term gains on listed equity shares.
  • Section 111A: Taxes short-term gains on STT-paid equity shares at 15%.
  • Unlisted Equity Shares: Long-term gains taxed at 20% with indexation.
  • Equity Mutual Funds: Taxed similarly to listed equity shares.
  • Systematic Withdrawal Plan: Each withdrawal taxed as capital gains.

NISM 10B NISM Investment Adviser Level 2

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