Income of REIF being a business trust by way of renting or leasing of – McqOptions

MCQOPTIONS

1.	Income of REIF being a business trust by way of renting or leasing of an asset is exempt if:
A.	Such asset is a land owned by it
B.	Such asset is any Real Estate Asset owned by it
C.	Such asset is a land hired by it
D.	Such asset is any Real Estate Asset hired by it
Answer» C. Such asset is a land hired by it

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