Real Estate Investment Trusts (REITs)

1) Which of the following statements is incorrect with respect to Real Estate Investment Trusts (REITs)?

a) They allows one to invest in income-generating real estate assets.
b) Investor can purchase units of REITs through stock exchanges.
c) Minimum required to be put into an REIT is Rs 1 lakh.
d) Income to the unit holders come in form of dividends.

2) Which of the following authorities regulates the functioning of Real Estate Investment Trusts (REITs)?

a) SEBI
b) RBI
c) Real Estate Regulatory Authority
d) Ministry of Finance

3) Which of the following statements is correct with respect to Real Estate Investment Trusts (REITs)?

a) Short term capital gains tax is applicable for unit holder at the rate of 15%.
b) REITs are exempted from dividend distribution tax.
c) Both a and b
d) Neither a nor b

Answers

1) c, Rs. 2 Lakh
2) a
3) c