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What would be the taxation on INDIAREIT Fund

I have just received my first return on an investment that I done in a real estate investment fund (erstwhile INDIAREIT fund). This payment by the fund was a return of my capital plus LTCG. I am trying to determine my income tax impact for the LTCG. Please advise if it would taxable at 20% or if it can be treated like a Debt Mutual fund and be taxed at 20% with indexation?

Aug 16, 2016 by Harish Sadasivan, Bangalore  |   Taxation

We find that INDIAREIT Fund has few series of schemes launched over a period of time.

We do not know which one you have invested in? In the Budget 2014, the Finance Minister proposed to kick start the launch of REIT (Real Estate Investment Trusts) and thereafter many a changes took place in REITs.

Reading through the following links, may help you getting answer of your query –

http://www.livemint.com/Money/TyjZw3k6mcIQLNw8H8nNKL/REITs-Tax-issues-and-beyond.html

https://indiankanoon.org/doc/121658224/

http://indianexpress.com/article/business/exemption-of-dividend-distribution-tax-reits-now-a-step-closer-to-reality/

We have also attached herewith the FAQ of INDIAREIT FUND. But, the best way, to get your query answered, is to refer the offer document which you got while investing in the fund.

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