TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 194-I: No Tax Deduction on Rent Paid to REITs for Directly Owned Real Estate Assets.</h1> Clause 44 of the Finance Bill, 2015, amends section 194-I of the Income-tax Act, effective June 1, 2015. The amendment introduces a proviso that exempts deduction of tax at source on rent payments made to a business trust, specifically a real estate investment trust, for real estate assets directly owned by the trust, as referenced in clause (23FCA) of section 10. This change alters the tax treatment of rent payments to such trusts, aligning with specified conditions under the Act.
TaxTMI 
TaxTMI 
