REITs and INVITs not to be subjected under DDT

The Finance Minister Shri Arun Jaitley has proposed in the Union Budget that distribution made out of income of SPV to the REITs and INVITs having specified shareholding will not be subjected to Dividend Distribution Tax (DDT), in respect of dividend distributed after the specified date.

Announcing resource mobilization measures for agriculture, rural economy and clean environment Shri Jaitley said that additional tax @ 10% of gross amount of dividend will be payable by the recipients receiving dividends in excess of Rs.10 lakh per annum.

Source : Equity Bulls

Keywords