Section 194LBC - Income in respect of investment in securitisation trust

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.... securitisation trust specified in clause (d) of the Explanation occurring after section 115TCA , the person responsible for making the payment shall. Time of tax deduction - Tax deduction at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or cheque or any other mode, whichever is earlier, Rate of TDS - From 01.06.2016 to 31.03.....

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....g a non-resident (not being a company) or a foreign company, in respect of an investment in a securitisation trust specified in clause (d) of the Explanation occurring after section 115TCA, the person responsible for making the payment shall, at the time of credit of such income to the account of the payee or by cash or cheque or any other mode, whichever is earlier, deduct income-tax thereon, at ....

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....nd Listing of Securitised Debt Instruments) Regulations, 2008 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the Securities Contracts (Regulation) Act, 1956 (42 of 1956); or • ^91[(ia) in clause (z) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002); ....

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.... (iii) trust set-up by a securitisation company or a reconstruction company formed, for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, or in pursuance of any guidelines or directions issued for the said purposes by the Reserve Bank of India, which fulfils such conditions, as may be prescribed. ​​&#8203....