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News INCOME TAX

  • Feb 03, 2023
  • Budget tax proposal may hit investor returns in REITs

    Investor returns in real estate investment trusts (REITs) could be hit after the Budget proposed to tax the repayment of debt in the hands of unit holders of REITs and InvITs as income from other sources, tax experts have said.The government said that distribution of debt repayment is not taxable for REITs and InvITs as well as the unit holder and hence, it results in dual non-taxation.