NISM Chapter 8 4%

Redemption from which of the following mutual fund schemes would attract Securities Transaction Tax (STT) for an investor?

• Government Securities Fund
• Multi-cap Mutual Fund
• Liquid Fund
• Overnight Fund

In the non-equity oriented funds, the rate of long term capital gains tax is

• 10 percent with indexation
• 20 percent with indexation
• 10 percent without indexation
• 20 percent without indexation

The Income Tax Act allows setting-off of the short term capital loss against long term capital gains. State whether True or False?

• True
• False

Equity Linked Savings Schemes (ELSS) are eligible for deduction under Section 80C of the Income Tax Act upto an amount of

• Rs. 1,00,000
• Rs. 1,50,000
• Rs. 2,00,000
• Rs. 2,50,000

In case of long term capital gains arising out of equity shares and equity-oriented mutual funds, the tax is applicable only on the capital gains above Rs. 1 lakh. State whether this is True or False?

• True
• False

At what rate is the Securities Transaction Tax charged on sale of units of debt oriented mutual fund in a stock exchange?

• 0
• 0.001
• 0.0001
• 0.0013

The dividend received by a Mutual Fund investor will be taxable?

• True
• False

Dividend Distribution Tax (DDT) on debt-oriented mutual fund schemes for Corporate Investors is + Surcharge + Education Cess

• 0.15
• 0.25
• 0.3
• 0.35

When investing in Equity, the majority of gains generally come through

• Dividend Income
• Tax Savings
• Capital Gains
• Interest Received

GST on all the fees other than investment and advisory fees shall be charged to the Scheme within the limit of TER.

• Maximum
• Prescribed
• Minimum
• None of the above