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    <title>Taxation regime for Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (INVIT)</title>
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    <description>Proposed amendments grant sponsors who receive units for SPV shares parity with an IPO exit by subjecting such units to securities transaction tax on sale and extending the concessional capital gains regime to sponsors on sale of those units; they also exempt rental income of a REIT at the trust level and require that distributed rental income be taxed in the hands of unit holders with the REIT required to deduct tax at source, while preserving existing pass through and withholding rules for interest and dividend components.</description>
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      <description>Proposed amendments grant sponsors who receive units for SPV shares parity with an IPO exit by subjecting such units to securities transaction tax on sale and extending the concessional capital gains regime to sponsors on sale of those units; they also exempt rental income of a REIT at the trust level and require that distributed rental income be taxed in the hands of unit holders with the REIT required to deduct tax at source, while preserving existing pass through and withholding rules for interest and dividend components.</description>
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