Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Deemed assessee in default: persons handling securitisation trust distributions become liable and tax recovery provisions apply. If the securitisation trust or the person responsible for making payment of income distributed by the trust does not pay the tax under the relevant ... Summary
Deemed assessee in default: persons handling securitisation trust distributions become liable and tax recovery provisions apply.
If the securitisation trust or the person responsible for making payment of income distributed by the trust does not pay the tax under the relevant special provision, then that person or the trust is deemed to be an assessee in default for the tax payable, and all provisions of the Act relating to collection and recovery of income-tax shall apply to recover the amount.
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