Monday, February 4, 2008

REITs likely to get tax-gains coating like MFs

Indian investors looking to put money in an investment vehicle in the realty segment could be in line for fiscal incentives. The government is vetting a proposal put forward by the securities market regulator Sebi to provide for a tax waiver on dividend income of Real Estate Investment Trusts (REITs). Sebi has made out a case to the government to consider granting tax benefits to REITs on the lines of mutual funds to ensure wider investor participation.

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