Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs)

Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) will be pass through vehicles. The taxation will be in the hands of investors (Unit Holder). The business trust to be listed as per the SEBI guidelines. The incomes which are exempt will be exempt in the hands of the unit holder of the trust.Transfer definition to exclude transfer of capital assets to a business trust in exchange of units of the business trust (Section 47(xvii)). (The cost of such assets will be deemed as equal to cost in the hands of the transferor)