Section 115TCA establishes pass-through taxation for securitisation trust investors, income taxed as direct investments
Section 115TCA of the Income Tax Act establishes pass-through taxation for securitisation trust investors. Income received by investors from securitisation trusts is taxed as if they directly made the underlying investments. The trust's income retains its original nature and proportion when distributed to investors. Undistributed income is deemed credited to investors on the last day of the previous year. Both trusts and payment handlers must furnish prescribed statements detailing income distributions. The provision defines key terms including investor, securities, securitised debt instruments, securitisation trust, and security receipts, referencing various regulatory frameworks.
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