https://www.taxtmi.com/acts?id=20445 Income distributed by securitisation trusts is taxable in the hands of investors as if the investments had been made directly by them; such income retains its nature and proportion when treated in the investor's hands. Income of the trust not paid or credited to investors is deemed credited to their accounts on the last day of the previous year in their entitlement proportion. The trust and the person paying on its behalf must furnish prescribed statements to the taxpayer and tax authorities, and amounts taxed as accrued are not to be taxed again when actually paid. en-us Mon, 29 Feb 2016 16:49:06 +0530 Mon, 29 Feb 2016 16:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20445 Income distributed by securitisation trusts is taxable in the hands of investors as if the investments had been made directly by them; such income retains its nature and proportion when treated in the investor's hands. Income of the trust not paid or credited to investors is deemed credited to their accounts on the last day of the previous year in their entitlement proportion. The trust and the person paying on its behalf must furnish prescribed statements to the taxpayer and tax authorities, and amounts taxed as accrued are not to be taxed again when actually paid. Act-Rules Bills Mon, 29 Feb 2016 16:49:06 +0530 https://www.taxtmi.com/acts?id=20445