https://www.taxtmi.com/circulars?id=67000 Revised framework standardises computation of Net Distributable Cash Flow (NDCF) for InvITs and their HoldCos/SPVs, specifying included items (operating cash flows, NDCF distributions from SPVs, treasury income, net sale proceeds) and excluded or deducted items (finance cost excluding amortisation, principal debt repayments except refinanced debt, required contractual or statutory reserves, and unfunded capital expenditure). NDCF at SPV must be reflected at Trust level for the period even if cash transfers occur later, cumulative minimum distributions must be maintained, and restrictions apply to distributions funded by external debt with limited treasury exceptions. en-us Wed, 06 Dec 2023 00:00:00 +0530 Wed, 06 Dec 2023 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67000 Revised framework standardises computation of Net Distributable Cash Flow (NDCF) for InvITs and their HoldCos/SPVs, specifying included items (operating cash flows, NDCF distributions from SPVs, treasury income, net sale proceeds) and excluded or deducted items (finance cost excluding amortisation, principal debt repayments except refinanced debt, required contractual or statutory reserves, and unfunded capital expenditure). NDCF at SPV must be reflected at Trust level for the period even if cash transfers occur later, cumulative minimum distributions must be maintained, and restrictions apply to distributions funded by external debt with limited treasury exceptions. Circulars SEBI Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67000