Hi! Can someone plz explain Section 115AB to me? Also which income relating to MF will be exempt u/s 10 (35)? I am not able to follow this section properly
4 Replies
(Guest)
9. In section 115TA of the Income-tax Act, after sub-section (4), the following sub-section shall be inserted with effect from the 1st day of June, 2016, namely:—
"(5) Nothing contained in this section shall apply in respect of any income distributed by a securitisation trust to its investors on or after the 1st day of June, 2016.".
sagar parakh
(Group 2 Cleared)
(317 Points)
Replied 21 February 2017
Securitization trust is similar to factor which is in form of SPV
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