Tax Management India. Com
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Insertion of new section 115TCA- Tax on income from securitisation trusts.

Clause 59 - Bills - DIRECT TAXES - FINANCE BILL, 2016 - Clause 59 - Insertion of new section 115TCA. 59. After section 115TC of the Income-tax Act and before the Explanation occurring after the said section, the following section shall be inserted wi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

on trust, out of investments made in the securitisation trust, shall be chargeable to income-tax in the same manner as if it were the income accruing or arising to, or received by, such person, had the investments by the securitisation trust been mad .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d or arisen to, the securitisation trust during the previous year. (3) The income accruing or arising to, or received by, the securitisation trust, during a previous year, if not paid or credited to the person referred to in sub-section (1), shall be .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

onsible for crediting or making payment of the income on behalf of securitisation trust and the securitisation trust shall furnish, within such period, as may be prescribed, to the person who is liable to tax in respect of such income and to the pres .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

en included in the total income of the person referred to in sub-section (1), in a previous year, on account of it having accrued or arisen in the said previous year, shall not be included in the total income of such person in the previous year in wh .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

seeks to provide that any income accruing or arising to, or received by, a person, being an investor of a securitisation trust, out of investments made in the securitisation trust, shall be chargeable to income-tax in the same manner as if it were th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

sation trust shall be deemed to be of the same nature and in the same proportion in the hands of the person referred to in sub-section (1), as if it had been received by, or had accrued or arisen to, the securitisation trust during the previous year. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

med to have been credited to the account of the said person on the last day of the previous year in the same proportion in which such person would have been entitled to receive the income had it been paid in the previous year. Sub-section (4) of the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version