Thanks. I think this is applicable to REITs/INVITs that have opted for concessional tax rates.
So dividend is taxable in the hands of investor if the trust has opted for concessional tax regime. If not dividend is exempt with the investor?
To my knowledge none off the REITs/INVITs listed have opted for concessional tax regime
The aim behind such imposition seems to be convincing as it was to apply one advantage – either exempt the dividends or offer a lower corporate tax rate to the SPVs.