NISM-Series V-A: Mutual Fund Certification Exam Notes

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  • Companies - STCG tax Non-Equity - 25% if total Turnover is less than 250 crore
  • Capital loss, short term or long term, cannot be set off against any other head of income (e.g. salaries).
  • Short term capital loss is to be set off against short term capital gain or long term capital gain.
  • Long term capital loss can only be set off against long term capital gain
  • Dividend Distribution Tax - DDT has been abolished. The dividend would be added to the taxable income of the assessee for the year.

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