Specified person substitution in section 115TF changes taxpayer classification, replacing trust or institution and linking definition to section 115TD. Amends section 115TF by substituting the term specified person for "trust or institution" in the marginal heading and in subsection (1), and inserts an ... Summary
Specified person substitution in section 115TF changes taxpayer classification, replacing trust or institution and linking definition to section 115TD.
Amends section 115TF by substituting the term specified person for "trust or institution" in the marginal heading and in subsection (1), and inserts an Explanation defining specified person with the same meaning as assigned in clause (iia) of the Explanation to section 115TD, thereby linking the operative definition by cross-reference.
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