Dividend distribution tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2013 I have one query regarding Dividend Distribution Tax...

Whether Real Estate Investment Trust (REITs) will be required to deduct DDT on distribution of income to its investors, in line with Other Mutual Funds or not ??

Regards,

Manali Bhagtani

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 October 2013 If the trust is not a money market mutual fund or liquid mutual fund then u/s 115R the distributor of profits to investors need to pay income tax as follows:

1. To Indvidual/ huf- 12.5%
2. To others - 30%

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