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The Likely Impact of the 2021 Budget on Home Buyers - Given the economic stagnation plaguing the economy post the pandemic, the Union Budget 2021 was one of the most.
Why have mutual funds increased exposure to REITs and InvITs?
A low interest rates regime, the positive outlook on rental yields post the COVID disruption and an efficient listing framework drew MFs to REITs and InvITs February 15, 2021 / 09:45 AM IST
Over the past few years, mutual funds (MF) have warmed up to investing in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trust (InvITs). Data from ACE MF shows that equity, debt and even multi-asset funds have been investing a small portion of their portfolio – typically up to 10 percent – in these new asset classes.
With the recent public issue of Brookfield India REITs, currently there are five REITs and InvITs available in the exchanges.
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Given the current economic stagnation plaguing each sector of the economy, Union Budget 2021 was one of the most anticipated events of this financial year for taxpayers.
In an attempt to move the country out of the pandemic introduced slowdown, the Finance Minister introduced several tax exemptions and holidays for every segment including those for home buyers and developers.
This comes after a report that announces improvement of sales in the affordable housing segment since July 2020, following the lifting of stringent country-wise lockdown. A 150% Q-o-Q growth, between July and September 2020, indicates that the real estate sector is recovering at a rapid pace.
The table summarizing the slab wise rates applicable to
individuals is as under –
Exemption for LTC Cash Scheme
Under the existing provisions of ITA, exemption is available
for value of travel concession or assistance received by an
employee from his employer/ former employer, for himself and his
family, leave travel to any place in India ( Leave Travel
Concession or LTC ).
Due to the Covid-19 situation, it is proposed to provide tax
exemption to cash allowance in lieu of LTC.
Accordingly, it is proposed to amend the ITA to provide tax
exemption to cash allowance in lieu of Leave Travel Concession,