Consider the following statements: Statement-I: Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the dividend is taxable. Statement-II: InviTs are recognized as borrowers under the "Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002". Which one of the following is correct in respect of the above statements?
Question:
Consider the following statements: Statement-I: Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the dividend is taxable. Statement-II: InviTs are recognized as borrowers under the "Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002". Which one of the following is correct in respect of the above statements?
Consider the following statements: Statement-I: Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the dividend is taxable. Statement-II: InviTs are recognized as borrowers under the "Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002". Which one of the following is correct in respect of the above statements?
Options
Answer: Statement-I is incorrect but Statement-II is correct
Explanation:
Explanation:
👉 Want AI explanation? Open in MCQ App
Recommended articles
- Daily Upsc Mcq Strategy — '); animation: float 20s ease-in-out infinite; pointer-events: none; } @keyframes float { 0%, 100% { transform: translate(0%, 0%) rotate(0deg); } 50% {…
- Medical Benefits Daily Mcq Practice Upsc — As a medical professional, I've witnessed firsthand how consistent learning patterns affect cognitive function. Daily MCQ practice isn't just about…
- Top 10 Daily Current Affairs Resources For Upsc Aspirants — Discover the best daily current affairs resources for UPSC 2026. Complete guide with The Hindu, PIB, Sansad TV, and 7 more proven sources. Expert…