Statement of income reporting by securitisation trust under section 115TCA requires headwise income allocation to investors. Form No. 64E requires securitisation trusts to report under section 115TCA the trust's identification and registration details, total income and a head-wise breakdown (house property, business/profession, capital gains with prescribed codes, and other sources), and to allocate to each investor the amounts paid, credited or deemed credited across those heads using specified proportions; it also mandates attachments of registration and audited accounts and verification by an authorised signatory and an accountant.
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 reporting by securitisation trust under section 115TCA requires headwise income allocation to investors.
Form No. 64E requires securitisation trusts to report under section 115TCA the trust's identification and registration details, total income and a head-wise breakdown (house property, business/profession, capital gains with prescribed codes, and other sources), and to allocate to each investor the amounts paid, credited or deemed credited across those heads using specified proportions; it also mandates attachments of registration and audited accounts and verification by an authorised signatory and an accountant.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
