Income in respect of investment in securitisation trust.

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..... r section 115TCA, the person responsible for making the payment shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon, at the rate of- (i) twenty-five per cent., if the payee is an individual or a Hindu undivided family; (ii) thirt .....

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..... d to any account, whether called suspense account or by any other name, in the books of account of the person liable to pay such income, such crediting shall be deemed to be the credit of such income to the account of the payee, and the provisions of this section shall apply accordingly.] ********** Notes:- 1. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of June, 2016 .....

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