
The budget had made capital reduction taxable in hands of unit holders. But, it is not clear yet whether this is applicable only on amount greater than the original capital, or on the entire amount (which will be a negative). This can impact monetisation of assets through InvIT route, if the entire capital reduction is taxed for unit holders.
Analysts of IIFL Securities believe no clear impact of the budget announcements on the Infra InvITs sector.
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The US Federal committee's meeting will conclude on March 16, 2022.
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