Menu
Buy Premium Portal in just Rs. 499/-
Take Free Demo Test
NISM Test - LOGO
  • Test Your Knowledge with Free Mock Exams
  • Master NISM with Expert-Curated Resources
  • Boost Your Confidence with Real-Time Practice
Buy Premium Portal in just Rs. 599/-
  • Get access of Unlimited Free Mock Tests
  • Get Real-Time Experience of NISM Exams
  • Stay Ahead with Comprehensive Exam Prep Tools
Menu
TRY DEMO TESTS

Taxation in Securities Markets Cert. Free Demo Test 3

/10

Taxation in Securities Markets Cert. Free Demo Test 3

1 / 10

1. ________ is considered as the actual cost of the stock-in-trade arising from the conversion of a capital asset.

2 / 10

2. The effective tax rate shall be n the amount of distributed income paid to the shareholders at the time of buy-back of shares ________.

3 / 10

3. The book value of assets shall include ________.

4 / 10

4. If the assessee follows __________ of accounting, interest on securities is taxable on a receipt basis.

5 / 10

5. The redemption of sovereign gold bond, issued by the ______ under the Sovereign gold bond scheme, by an individual will not be regarded as transfer.

6 / 10

6. Any profit and gains arising to FPI from derivative transactions shall always be taxable under __________.

7 / 10

7. As per Section 112A of the IT act, 1961, long-term capital gains arising from the transfer of units of mutual funds is not chargeable to tax if the aggregate amount of capital gain during the year is below _______.

8 / 10

8. In the case of a Tier I NPS account, a minimum contribution of _______ is required every year.

9 / 10

9. No taxability shall arise even in the hands of the resultant fund on receipt of a capital asset from the original fund as per ________ of the IT act.

10 / 10

10. For a non-resident Indian, the interest received from the notified infrastructure debt fund is taxable at _______.

Your score is

0%

Exit

Scroll to Top