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- A
True
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False
Correct answer
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X NISM Series X
Medium
#NISM XIX A for AIF Distributors
Not all trusts enjoy tax pass-through status; in India, the taxation of trusts depends on their structure, purpose, and income. The pass-through status is not a universal feature and varies according to specific legal and regulatory provisions governing different types of trusts.
Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.