https://www.taxtmi.com/acts?id=17807 A new Chapter XII-EA charges tax on income distributed by a securitisation trust to investors, with the trust liable for additional income-tax at specified rates and no deduction allowed for such income. The person making the distribution must pay the tax within fourteen days and furnish an annual statement by 15 September. Interest at 1% per month applies for late payment, and failure to pay renders the distributor and the trust assessees in default. Key terms-investor, securities, securitised debt instrument, securitisation trust-are defined by reference to securities regulations and RBI guidelines. en-us Tue, 14 May 2013 14:50:31 +0530 Tue, 18 Nov 2025 11:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17807 A new Chapter XII-EA charges tax on income distributed by a securitisation trust to investors, with the trust liable for additional income-tax at specified rates and no deduction allowed for such income. The person making the distribution must pay the tax within fourteen days and furnish an annual statement by 15 September. Interest at 1% per month applies for late payment, and failure to pay renders the distributor and the trust assessees in default. Key terms-investor, securities, securitised debt instrument, securitisation trust-are defined by reference to securities regulations and RBI guidelines. Act-Rules F. Acts / Amendment Acts Tue, 14 May 2013 14:50:31 +0530 https://www.taxtmi.com/acts?id=17807