TaxTMI Login
Just a moment...
By creating an account you can:
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 TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2022 aims to close tax loopholes in Section 94 by including InvITs, REITs, and AIFs in bonus stripping rules.</h1> The Finance Bill 2022 proposes amendments to Section 94 of the Act to address tax avoidance through bonus and dividend stripping. Currently, these provisions do not apply to securities or units of Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), or Alternative Investment Funds (AIFs). The proposed changes will extend bonus stripping provisions to securities and revise the definition of 'unit' to include InvITs, REITs, and AIFs. These amendments will be effective from April 1, 2023, applicable for the assessment year 2023-24 and onwards.
TaxTMI 
TaxTMI 