NISM 10B Investment Adviser Level 2 Notes

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  • Options Contracts: Premium and gains taxed as business income.
  • Currency Derivatives: Taxed as business income under PGBP.
  • Dividend Stripping: Losses disallowed if shares bought/sold around dividend dates.
  • Bonus Stripping: Losses disallowed for units bought/sold around bonus dates.
  • Section 47: Exempts certain equity transfers like gifts or amalgamations.

NISM 10B NISM Investment Adviser Level 2

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