UPSC PRELIMS · ECONOMICS · FINANCIAL MARKETS — INVITS
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 Recon- struction of Financial Assets and· Enforcement of Security Interest Act, 2002'. Which one of the following is correct in respect of the above statements?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
Interest income and dividend taxation under InvIT structures does not match the statement, while the SARFAESI characterization is also incorrect. Hence both statements as framed do not support option a-c; the correct key is option d.
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