Economics · Economy
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 Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002'. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-I is incorrect but Statement-II is correct✓
- 2Statement-I is correct but Statement-II is incorrect
- 3Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
- 4Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Correct answer
Statement-I is incorrect but Statement-II is correct
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