Tax deducted at source on securitisation trust income reduced to a uniform lower rate for resident investors next fiscal year. The amendment replaces the existing differing withholding rates on income payable to resident investors in securitisation trusts with a single reduced uniform rate, changing the payer's obligation to deduct tax at source on such payments and simplifying withholding across payee classes, effective from the start of the next fiscal year.
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Tax deducted at source on securitisation trust income reduced to a uniform lower rate for resident investors next fiscal year.
The amendment replaces the existing differing withholding rates on income payable to resident investors in securitisation trusts with a single reduced uniform rate, changing the payer's obligation to deduct tax at source on such payments and simplifying withholding across payee classes, effective from the start of the next fiscal year.
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