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of <h1>New Tax Rule: Section 115TCA Taxes Income from Securitisation Trusts Like Direct Investments, Effective April 2017.</h1> Clause 59 of the Finance Bill, 2016 introduces section 115TCA in the Income-tax Act, effective from April 1, 2017, concerning tax on income from securitisation trusts. It mandates that income from investments in securitisation trusts is taxed as if the investor directly made the investments. The income's nature and proportion remain consistent in the investor's hands. Unpaid income by the trust is deemed credited to the investor's account by the year's end. The trust and responsible parties must provide detailed income statements to tax authorities. Income previously included in total income is not re-included when actually paid.
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