Taxation of Securitisation Trusts (General Provisions) - Section 115TCA

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..... 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 the income accruing or arising to, or received by, such person, had the investments by the securitisation trust been made directly by him. (2) Nature and the amount of income taxable in the hands of the investor The income paid or credited b .....

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..... ch income to the investor as well as prescribed income tax authority The person responsible 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 prescribed income-tax authority, a statement in such form and verified .....

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