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TMI BlogTax on income from securitisation trusts.X X X X Extracts X X X X X X X X Extracts X X X X ..... isation 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 made directly by him. (2) The income paid or credited by the securitisation trust shall be deemed to be of the same nature and in the same propor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n who is liable to tax in respect of such income and to the prescribed income-tax authority, a statement in such form and verified in such manner, giving details of the nature of the income paid or credited during the previous year and such other relevant details, as may be prescribed. (5) Any income which has been included in the total income of the person referred to in sub-section (1), in a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rd of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (d) securitisation trust means a trust, being a- (i) special purpose distinct entity as defined in clause (u) of subregulation (1) of regulation 2 of the Secu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia, which fulfils such conditions, as may be prescribed.] 5 [ (e) security receipt shall have the same meaning as assigned to it in clause (zg) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. . (54 of 2002.) ] ----------------- Notes:- 1. Inserted vide THE FINANCE ACT, 2016 w. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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