https://www.taxtmi.com/news?id=4850 The Finance Bill 2013 proposes exempting the Securitisation Trust from income tax to facilitate asset securitisation via a special purpose vehicle. Tax liability arises only at the time the trust distributes income, with tax charged on distributions to recipients classified as companies and to recipients who are individuals or Hindu Undivided Families; no further tax will apply to investors on amounts received from the trust. en-us Thu, 28 Feb 2013 14:17:58 +0530 Thu, 28 Feb 2013 14:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4850 The Finance Bill 2013 proposes exempting the Securitisation Trust from income tax to facilitate asset securitisation via a special purpose vehicle. Tax liability arises only at the time the trust distributes income, with tax charged on distributions to recipients classified as companies and to recipients who are individuals or Hindu Undivided Families; no further tax will apply to investors on amounts received from the trust. News - Thu, 28 Feb 2013 14:17:58 +0530 https://www.taxtmi.com/news?id=4850