Thanks for all the points. So the only exemption is the Dividend if not availed thru a concessional tax regime by the trust? Will have to redo all the post tax scenarios
I see two broad scenarios:
- Valuations of REITs/INVITs take a beating due to this change
OR - REITs/INVITs decide to change their distribution mix to be more dividend heavy which would be tax free (not sure this can happen in the short term as majority of asset growth comes from borrowing)
Am i getting this right?
Still think this would appeal to retirees or people in early retirement stage as the tax rebate upto 7 lacs in new regime has been implemented. Taxation would be from 1st April 2023 i guess (This budget was for the coming year)
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