Distributed income tax on securitisation trusts applied to investor distributions until the stated discontinuation date.

Section 115TA imposed additional income-tax on income distributed by securitisation trusts, with different rates for individual or Hindu undivided family investors and other investors. Distributions to recipients whose income was not chargeable to tax were excluded. The responsible person had to deposit the tax within 14 days from the earlier of distribution or payment, and no deduction was allowed for taxed income. The regime ceased to apply to investor distributions made on or after 1 June 2016.

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