Securities transaction tax liability for mutual funds rests with the trustee or authorised manager responsible for collection and payment Responsibility for collection and payment of securities transaction tax for a Mutual Fund is assigned to the fund's trustee or to a person managing the affairs of the Mutual Fund duly authorised by the trustee to act in that capacity, making the trustee or its authorised manager the operative agent for compliance with the tax collection and payment duties under the statutory scheme.
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Provisions expressly mentioned in the judgment/order text.
Securities transaction tax liability for mutual funds rests with the trustee or authorised manager responsible for collection and payment
Responsibility for collection and payment of securities transaction tax for a Mutual Fund is assigned to the fund's trustee or to a person managing the affairs of the Mutual Fund duly authorised by the trustee to act in that capacity, making the trustee or its authorised manager the operative agent for compliance with the tax collection and payment duties under the statutory scheme.
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