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    <title>Insertion of new section 194LBC - Income in respect of investment in securitisation trust.</title>
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    <description>Section 194LBC requires persons making payments of income to investors in securitisation trusts (as per the Explanation to section 115TCA) to deduct tax at source at the time of credit or payment; credits to any account, including suspense accounts, are deemed credit to the payee, and separate rates apply for resident and non-resident investors.</description>
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      <description>Section 194LBC requires persons making payments of income to investors in securitisation trusts (as per the Explanation to section 115TCA) to deduct tax at source at the time of credit or payment; credits to any account, including suspense accounts, are deemed credit to the payee, and separate rates apply for resident and non-resident investors.</description>
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