Security receipt definition in income tax law follows the securitisation statute through statutory cross-reference in both enactments.

Security receipt adopts, for income-tax purposes, the meaning assigned under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Section 221(e) of the Income-Tax Act, 2025 and Explanation (e) to section 115TCA of the Income-Tax Act, 1961 apply the incorporated definition for their respective purposes.

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