Section 194LBC - Income in respect of investment in securitisation trust

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or, being a resident , in respect of an investment in a securitisation trust specified in clause (d) of the Explanation occurring after section 115TCA , the person responsible for making the payment shall. Time of tax deduction - Tax deduction at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or cheque or any other mode, whichever is earlier .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... section 115TCA Securitisation Trust means a trust, being a- (i) special purpose distinct entity as defined in clause (u) of regulation 2(1) of the Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008 made under the Securities and Exchange Board of India Act, 1992 and the Securities Contracts (Regulation) Act, 1956, and regulated under .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X