REITs and InvITs Get a Tax Break, But Not All That Glitters

So, the Lok Sabha just sprinkled some tax magic on REITs and InvITs, but don’t break out the confetti yet! Only the dividend component is getting a tax-free upgrade, while interest income is still stuck in the tax dungeon. Our friend Shraddha could pocket some serious savings, but remember, folks: details are key, and not everything is a tax-free bonanza.