Tax on distributed income to investors.
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.... provisions of the Act, any amount of income distributed by the securitisation trust to its investors shall be chargeable to tax and such securitisation trust shall be liable to pay additional income-tax on such distributed income at the rate of- (i) twenty-five per cent on income distributed to any person being an individual or a Hindu undivided family; (ii) thirty per cent on income distribu....
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....ny income distributed by a securitisation trust to its investors on or after the 1st day of June, 2016.] **************** NOTES:- 1. Inserted vide Section 33 of the Finance Act 2013 w.e.f. 01-06-2013 2. Omitted vide Section 43 of the Finance (No. 2) Act 2014 w.e.f. 01-04-2015 before it was read as, "(3) The person responsible for making payment of ....


TaxTMI
TaxTMI