Statement of income distribution by securitisation trusts requires detailed distribution reporting, tax and interest disclosure, and audited verification. Statement requires identification of the securitisation trust, regulatory and registration status, and reporting of income from securitisation. It mandates detailed entries for each income distribution with dates, amounts, recipient classification (exempt investors, individuals/HUFs, others), and disclosure of tax and interest payable on distributed income with supporting challans. Enclosure of audited accounts and certified appropriation details is required, together with a declaration by an authorised trust representative and a verification by an accountant who has examined the books.
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.
Statement of income distribution by securitisation trusts requires detailed distribution reporting, tax and interest disclosure, and audited verification.
Statement requires identification of the securitisation trust, regulatory and registration status, and reporting of income from securitisation. It mandates detailed entries for each income distribution with dates, amounts, recipient classification (exempt investors, individuals/HUFs, others), and disclosure of tax and interest payable on distributed income with supporting challans. Enclosure of audited accounts and certified appropriation details is required, together with a declaration by an authorised trust representative and a verification by an accountant who has examined the books.
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