n NISM Certifications
XIII NISM Series XIII
Medium

If a Foreign Portfolio Investor (FPI) holds derivative positions for less than 12 months, the resulting gain or loss will be classified as:

Practice question from NISM Series XIII for SIF - Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Long term capital gain or loss

  2. Short term capital gain or loss (Correct)

    Correct answer

  3. C

    Not taxable

  4. D

    As per the tax bracket

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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