Tax on securitisation trust income: investor income treated as if investments were made directly, with reporting obligations. Income received or accruing to an investor in a securitisation trust is chargeable as if the investor had made the investments directly; such income is deemed to be of the same nature and proportion in the investor's hands. Income not paid or credited in a previous year is deemed credited to the investor on the last day of that year in the investor's proportional entitlement. The trust and the person responsible for payments must furnish prescribed statements and details to the investor and the tax authority within prescribed periods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on securitisation trust income: investor income treated as if investments were made directly, with reporting obligations.
Income received or accruing to an investor in a securitisation trust is chargeable as if the investor had made the investments directly; such income is deemed to be of the same nature and proportion in the investor's hands. Income not paid or credited in a previous year is deemed credited to the investor on the last day of that year in the investor's proportional entitlement. The trust and the person responsible for payments must furnish prescribed statements and details to the investor and the tax authority within prescribed periods.
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