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of <h1>Securitisation trust must withhold 25% from individual/HUF and 30% from others on distributed income, remit within 14 days</h1> A securitisation trust's distributed income is taxable and the trust must pay additional tax on such distributions at 25% where recipients are individuals or Hindu undivided families and at 30% for other recipients, except where the recipient is wholly exempt from tax. The person making the distribution must remit the tax to the government within fourteen days of distribution or payment. The trust may not claim any deduction for income charged under this provision. This section does not apply to distributions made on or after 1 June 2016.
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