Aurelia Menezes on CBDT’s Income Disclosure Amendments for Business Trusts
The Central Board of Direct Taxes (CBDT) has introduced key amendments mandating detailed income disclosures for business trusts, including Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and securitization trusts.
Commenting on this development, Aurelia Menezes stated, “The recent income tax amendments which have streamlined reporting by entities such as real estate and infrastructure investment trusts and securitization trusts in greater detail is a step ahead for building a robust tax compliance system. We anticipate simplification and transparency as several forms stand updated in line with the applicable laws.”
These amendments are expected to enhance regulatory oversight providing greater clarity for stakeholders in the business trust ecosystem.
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