TDS on securitisation trust income: payer must withhold tax on payment or credit under prescribed rates, differing by residency status. A payer must deduct tax at source on income payable to an investor from an investment in a securitisation trust at the time of credit or payment, applying prescribed rates that vary by resident, non resident, individual/HUF, and foreign company status for specified periods. A notification exempts certain trust receipts from Chapter XVII deduction where applicable. Failure to furnish PAN triggers deduction at the highest of the statutory rate, rates in force, or the prescribed minimum. Definitions of securitisation and securitisation trust follow securities regulations, securitisation law, and RBI guidelines.