Exempt Income of Business Trust and Unit Holders - Section 10(23FC), 10(23FCA), 10(23FD)

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..... u/s 115-O(7) shall be exempt from tax Note:- Business Trust means a trust registered as an infrastructure investment Trust or a Real Estate Investment Trust, in accordance with the regulations made under the Securities Exchange Board of India Act, 1992 The expression special purpose vehicle means an Indian company in which the business trust holds controlling interest and an .....

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..... not being that proportion of the income which is of the same nature as the income refer to section 10(23FC) shall be exempt from the tax. If a unit holder receives any interest income referred in section 10(23FC) , from a business trust, or any income by way of renting, leasing etc. of real estate asset owned directly by the real estate investment trust (REIT) referred to in section 10(23FC .....

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