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of <h1>Budget 2025-26 Proposes Tax Amendments for REITs and InVITs, Amending Section 115UA to Include Section 112A</h1> The Union Budget 2025-26 proposes amendments to the taxation regime for business trusts, including Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InVITs). Initially introduced by the Finance (No.2) Act, 2014, this regime provides a pass-through status for certain income types, taxing them at the unit holder level unless exempted. The proposed change involves amending section 115UA to include section 112A, ensuring that long-term capital gains on equity shares or units are taxed at the maximum marginal rate. This amendment will be effective from April 1, 2026, impacting the assessment year 2026-27 onwards.
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