Mera Samvidhaan All of Income-tax Act, 1961

Chapter XII-EA

115TCSecuritisation trust to be assessee in default.

Section 115TC · Chapter XII-EA · page 500 of the Act

If any person responsible for making payment of the income distributed by the securitisation trust and the securitisation trust does not pay tax, as referred to in sub-section (1) of section 115TA, then, he or it shall be deemed to be an assessee in default in respect of the amount of tax payable by him or it and all the provisions of this Act for the collection and recovery of income-tax shall apply.

Section 115TC of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.