| Nature of distribution | TDS Rate - New Tax Regime *# | TDS Rate - Old Tax Regime **# | Remark |
|---|---|---|---|
| Interest income | 6.50% | 7.12% | Tax will be deducted at source at 5% (plus surcharge @25% in case of New Tax Regime / @37% in case of Old Tax Regime and cess @4%) |
| Dividend income | Nil | Nil | No tax will be deducted at source on dividend distributions, given the fact that the SPV’s of the Mindspace REIT have NOT opted for the beneficial tax regime under section 115BAA of the Act |
| Other income | Nil | Nil | No tax is deductible on distribution of other income |
| Repayment of SPV debt | Nil | Nil | No tax is deductible on repayment of SPV debt |
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Note: In case the unitholder provides valid lower withholding certificate, the same may be considered on a case-to-case basis. * Tax rate as per New Tax Regime (i.e. tax rates provided under section 115BAC) shall be applied if the unitholder provides a declaration that the unitholder has NOT OPTED for the option under section 115BAC(6) which allows taxability under Old Tax Regime. ** Tax rate as per Old Tax Regime (i.e. tax rates as per normal provisions of Income-tax, Act, 1961) shall be applied if the unitholder provides a declaration that the unitholder has OPTED for the option under section 115BAC(6) which allows taxability under Old Tax Regime. # If no declaration is provided, the tax rate applicable as per new regime shall be considered for calculation of TDS |
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