SEBI demands tax concessions on REITs

India Infoline News Service | Mumbai |

SEBI chairman UK Sinha also wanted a tax clarity on infrastructure corporate bonds for foreign institutional investors

The Securities and Exchange Board of India (SEBI) has taken up with the government taxation issues for the proposed Real Estate Investment Trusts and infrastructure corporate bonds.

SEBI has come out with a discussion paper on Real Estate Investment Trust, which is expected to be implemented soon.

SEBI chairman UK Sinha also wanted a tax clarity on infrastructure corporate bonds for foreign institutional investors (FIIs).

Speaking at a summit organised by Skoch Consultancy Services in New Delhi, Sinha said that the regulator also wanted the government to enact a law to replace an ordinance which provides SEBI the regulatory jurisdiction of all unregulated entities that take deposits of at least Rs 100 crore.


 

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