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of <h1>Finance Bill 2016 amends section 115TC: Redefines 'investor' and 'securitisation trust' for tax purposes effective June 1, 2016.</h1> Clause 58 of the Finance Bill, 2016 amends section 115TC of the Income-tax Act, effective June 1, 2016. It modifies the definition of 'investor' to include those investing in 'security receipts' as defined by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Additionally, it expands the definition of 'securitisation trust' to encompass trusts established by securitisation or reconstruction companies under the same Act or RBI guidelines. The term 'security receipt' is also defined in alignment with the 2002 Act.
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