Dividend on InvITs

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Business
53 Points Posted on 01 May 2021
Is dividend received from InvITs is taxable income for the shareholder?
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On 01 May 2021 at 19:38 Report
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Quick Summary
Following the tax reforms implemented on April 1, 2020, dividends received from Infrastructure Investment Trusts (InvITs) are now considered taxable income for shareholders. This marks a shift from the previous system where the company distributing the dividend was liable for the Dividend Distribution Tax (DDT).

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My grammar is 💯 good I
7306 Points Posted on 01 May 2021

April 1, 2020 DDT was shifted from company to shareholders, opposite to the previous arrangement where company is subject to dividend distribution tax and shareholders pay nothing. 

https://m.economictimes.com/markets/stocks/news/how-the-tax-equation-changed-for-reits-and-invits-from-april-1-2020/articleshow/74943558.cms

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On 01 May 2021 at 20:17
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Partner
1072 Points Posted on 10 May 2021

yes it is taxable

 

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On 10 May 2021 at 12:01

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