Section 393(2); Table [For Payments to Non-Resident] - Income in respect of Investment in a Securitisation Trust

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....me-tax Act, 1961. Sl. No. Nature of payment Recipient Deductor Rate of TDS 9 Any income in respect of an investment in a securitisation trust specified in section 221 Investor, being a non-resident (other than a company) or a foreign company Securitisation Trust specified in section 221 Rates in force Scope of the provision This cla....

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....his clause attracts deduction of tax at source. Practical distinction • Applies to income in respect of an investment in a securitisation trust specified in section 221. • The deductor is the Securitisation Trust. • The recipient must be a non-resident investor (other than a company) or a foreign company. • Tax is deductible at the rat....