https://www.taxtmi.com/acts?id=21208 Section 194LBC requires the person responsible for paying income to an investor from investments in specified securitisation trusts occurring after section 115TCA to deduct tax at the time of credit or payment. It prescribes differentiated withholding treatment for resident payees by payee category and mandates deduction for non-resident payees and foreign companies at the rates in force. The Explanation adopts the investor definition from the Explanation after section 115TCA and treats crediting to any account, including a suspense account, as deemed credit to the payee for deduction purposes. en-us Fri, 06 May 2016 16:46:33 +0530 Wed, 03 May 2017 14:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21208 Section 194LBC requires the person responsible for paying income to an investor from investments in specified securitisation trusts occurring after section 115TCA to deduct tax at the time of credit or payment. It prescribes differentiated withholding treatment for resident payees by payee category and mandates deduction for non-resident payees and foreign companies at the rates in force. The Explanation adopts the investor definition from the Explanation after section 115TCA and treats crediting to any account, including a suspense account, as deemed credit to the payee for deduction purposes. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:46:33 +0530 https://www.taxtmi.com/acts?id=21208