Section - 10(23DA) (of Income Tax Act, 1961), Income-tax Act.
Section - 10(23DA) (of Income Tax Act, 1961), Income-tax Act.
Incomes not included in total income.
Any income of a securitisation trust from the activity of securitisation.
Explanation.—For the purposes of this clause,—
(a) "securitisation" shall have the same meaning as assigned to it,—
(i) in clause (r) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Public Offer and 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
(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); or
(ii) under the guidelines on securitisation of standard assets issued by the Reserve Bank of India;
(b) "securitisation trust" shall have the meaning assigned to it in the Explanation below section 115TCA (of Income Tax Act, 1961);
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