CBDT:
dirtpl4 by 29th September, 2017. In order to address these concerns w.r.t a taxpayer who is liable to discharge part of its tax liability by way of advance tax has to bear additional burden of interest for default of advance tax, in case total advance tax paid for the year falls short of the assessed tax by ten percent or more.
SEBI:
The SEBI Board met recently and has taken various decisions in the best interest of the stakeholders. In order to facilitate growth of Infrastructure Investment Trusts (InvITs) and Real Estate investment Trust (REITs), SEBI Board, has approved certain changes in the Amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014 and SEBI (Real Estate Investment Trusts) Regulations, 2014 which includes Allowing REITs and InvITs to raise debt capital by issuing debt securities, Introducing the concept of Strategic Investor for REITs on similar lines of InvITs, Allowing single asset REIT on similar lines of InvIT, Allowing REITs to lend to underlying Holdco/SPV and Amending the definition of valuer for both REITs and InvITs. Further, the Board, after deliberations, decided to have further consultation with the stakeholders on a proposal of allowing REITs to invest at least 50% of the equity share capital or interest in the underlying Holdco/SPVs, and similarly allowing Holdco to invest with at least 50% of the equity share capital or interest in the underlying SPVs.
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