Securitisation trust reporting: file a prescribed verified statement of distributed income with the tax assessing authority. A securitisation trust must furnish a statement of income distributed in the prescribed Form No.63AA to the Assessing Officer having jurisdiction over the trust's principal office. Form No.63AA requires trust identification, regulatory registration status, income from securitisation activities, amounts distributed, a detailed schedule of distributions (date, amount, investor categories), tax and interest payable and proof of payment, and must be verified by an accountant. Audited accounts and supporting documents must be enclosed, and the term 'accountant' is as defined in the Act's procedural provision.
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Securitisation trust reporting: file a prescribed verified statement of distributed income with the tax assessing authority.
A securitisation trust must furnish a statement of income distributed in the prescribed Form No.63AA to the Assessing Officer having jurisdiction over the trust's principal office. Form No.63AA requires trust identification, regulatory registration status, income from securitisation activities, amounts distributed, a detailed schedule of distributions (date, amount, investor categories), tax and interest payable and proof of payment, and must be verified by an accountant. Audited accounts and supporting documents must be enclosed, and the term "accountant" is as defined in the Act's procedural provision.
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