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    <title>Securitisation Trust to be assessee-in-default - Section 115TC</title>
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    <description>Securitisation trust taxation makes the person responsible for paying income distributed by the trust deemed an assessee-in-default if the trust does not pay the tax due, with all collection and recovery provisions applying; key terms (investor, securities, securitised debt instrument, securitisation trust, and Special Purpose Vehicle) are defined. Distributed income received by an investor is exempt from tax, subject to a separate provision rendering tax on distributed income payable by the investor under the amended taxing rule.</description>
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    <pubDate>Mon, 25 Jan 2016 17:42:00 +0530</pubDate>
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      <description>Securitisation trust taxation makes the person responsible for paying income distributed by the trust deemed an assessee-in-default if the trust does not pay the tax due, with all collection and recovery provisions applying; key terms (investor, securities, securitised debt instrument, securitisation trust, and Special Purpose Vehicle) are defined. Distributed income received by an investor is exempt from tax, subject to a separate provision rendering tax on distributed income payable by the investor under the amended taxing rule.</description>
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      <pubDate>Mon, 25 Jan 2016 17:42:00 +0530</pubDate>
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