@KS16
Everybody is learning. Youd be surprised by the number of people who dont know about reits/invits etc. Everybody around me is overpaying for real estate and they just scoff at me and my wife when we tell them we own an reit instead. I just tell people i own an office in embassy office park now that is professionally managed and given out on rent to an mnc and i get a tax break for the rent i get since that is basically what it is haha. So i dont blame anyone for not knowing how they work.
@Sudhakar_Subramanian check the embassy office thread for more details regarding the tax calculation etc. Its a fantastic thread with a lot of information and great posters. In short though … interest component is taxable, dividend and amortization is not. The distribution for this quarter was rs. 5.46 out of which 0.86 is interest… that means 4.6 rs is tax free(around 85 percent!) and youd pay tax of lets say 30 percent only on the 0.86 part.
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