NISM 10B Investment Adviser Level 2 Notes

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  • Convertible Debentures: Conversion to shares not taxable; gains on sale taxable.
  • ETF Equity Funds: Taxed like listed equity shares if equity-oriented.
  • Section 50D: Fair market value as consideration for unlisted shares.
  • Buyback Taxation: Taxed as capital gains for shareholders post-2024.
  • Section 115A: Special rates for non-residents on equity dividends.

NISM 10B NISM Investment Adviser Level 2

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