TMI BlogSecuritisation Trust to be assessee-in-default - Section 115TCX X X X Extracts X X X X X X X X Extracts X X X X ..... section 115TA(1) , then, he or it shall be deemed to be an assessee in default in respect of the amount of tax payable by him or it and all the provisions of this Act for the collection and recovery of income-tax shall apply. Explanation:- For the purposes of this Chapter,- investor means a person who is holder of any securitised debt instrument or securities issued by the securitis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... special purpose vehicle which is a Trust. This allows the financial institution/ Bank to get funds upfront, which can be put to more productive use in the business. Exemption of Distributed income received from a Securitisation Trust by an investor [ Section 10(35A) ]:- Any income by way of distributed income referred to in section 115TA received from a securitisation trust by any pers ..... X X X X Extracts X X X X X X X X Extracts X X X X
|