TaxTMI 
INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS INCLUDING INVESTMENT FUNDS, BUSINESS TRUSTS AND THEIR UNIT HOLDERS - Schedule V (New) / Section 10(23FC), 10(23FCA), 10(23FD)(Old)
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....S Schedule V of Income Tax Act, 2025 Section 10(23FC), 10(23FCA), 10(23FD) of Income Tax Act, 1961 The provisions in Schedule V of the Income-tax Act, 2025 deal with the exclusion of specified income of a business trust and its unit holders while computing their total income. Income-Tax Act, 1961 Income-Tax Act, 2025 Section 10(23FC) - Income of a bu....
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....dditional condition is prescribed in that column for this exclusion. Schedule V, Table Sl. No. 4: Rental income of a business trust being a REIT This entry excludes from the total income of a business trust, being a real estate investment trust (REIT), income derived from renting, leasing or letting out any real estate asset owned directly by the trust. The conditions column specifies "Nil".....
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....r Section 200. • Rental income earned by a business trust, being a REIT, from renting, leasing or letting out real estate assets owned directly by it. Comparative Analysis of Schedule V, Table Sl. Nos. 3, 4 and 5 of the Income-Tax Act, 2025 and Section 10(23FC), Section 10(23FCA) and Section 10(23FD) of the Income-Tax Act, 1961 Particulars Income-Tax Act, 1961 I....
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....ed income having the nature of interest, dividend or rental income Treatment of interest income from an SPV Excluded from the total income of the business trust under Section 10(23FC) Excluded from the total income of the business trust under Schedule V, Sl. No. 3 Treatment of dividend income from an SPV Excluded from the total income of the business trust under Secti....