Taxation of Securitisation Trusts (General Provisions) - Section 115TCA

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....e hands of the investor * The income paid or credited by the securitisation trust shall be deemed to be of the same nature and in the same proportion in the hands of the person referred to in section 115TCA(1), as if it had been received by, or had accrued or arisen to, the securitisation trust during the previous year. (3) Income from 'securitisation trust' to be tax on due basis * The income accruing or arising to, or received by, the securitisation trust, during a previous year, if not paid or credited to the person referred to in section 115TCA(1), shall be deemed to have been credited to the account of the said person on the last day of the previous year in the same proportion in which such person would have been entitled ....

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.... * the statement of income distributed shall also be furnished to the investor by 30th day of June of the financial year following the previous year during which the income is distributed. (2) The statement of income distributed shall be furnished under section 115TCA(4) by the securitisation trust to- * (i) the Principal Commissioner or the Commissioner of Income-tax referred to in sub-rule (1), in Form No. 64E, duly verified by an accountant in the manner indicated therein and shall be furnished electronically under digital signature; * (ii) the investor in Form No. 64F, duly verified by the person distributing the income on behalf of the securitisation trust in the manner indicated therein. (3) The Principal Director General of I....