Tax on distributed income by securitisation trusts imposes additional tax liability and prompt remittance obligations on distributors.

Securitisation trusts must pay an additional tax on income distributed to investors at specified rates for different classes of recipients, except where the recipient's income is not taxable. The distributor must remit the tax to the Central Government within fourteen days of distribution or payment, and the trust cannot claim deductions for income charged under this provision. The section ceases to apply to distributions made on or after the statutory sunset date.

---

---

---