Security receipt inclusion expands tax provision coverage, adding securitisation and reconstruction trusts under SARFAESI framework.

The Explanation to section 115TC is amended to insert "security receipt" in clause (a); to add a sub-clause recognising trusts set up by securitisation or reconstruction companies under the SARFAESI Act or RBI guidelines in clause (d); and to add clause (e) defining "security receipt" by reference to clause (zg) of section 2(1) of the SARFAESI Act.

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