Options
-
True
Correct answer
- B
False
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X NISM Series X
Medium
#NISM XIX A for AIF Distributors
The principle of 'Tax pass through' signifies that any income accruing to an AIF is exempt at the fund level and is taxed directly in the hands of investors, with applicable withholding tax.
Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.