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Govt can forget about investments through REIT and InvIT unless budget changes are reversed

An Income Tax section has been tweaked to make an existing infrastructure financing vehicle unviable

February 04, 2020 / 09:14 AM IST
Govt can forget about investments through REIT and InvIT unless budget changes are reversed

  That the right hand of the government does not know what its left one is doing was on display in Budget 2020. With an investment target of over Rs 1 lakh crore for infrastructure development, the government had to look at an innovative way of attracting investors. Finance minister Nirmala Sitharaman in her speech spoke about the need for attracting capital, especially foreign capital, into the country. Yet, on the other hand, an Income Tax section was tweaked to make an...

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