Furnishing of Statement of Income by a Business Trust – Notification 03/2015

The CBDT vide Notification No. 03/2015 dated 19th January 2015 hereby amends the Income tax Rules, 1962. As per the newly inserted Statement under sub-section (4) of section 115UA after rule 12C, every business trust shall furnish the statement of income distributed to its unit holder

  • in form 64A, duly verified by an accountant, to the Principal Commissioner or the Commissioner of Income-tax under whose jurisdiction the principal office of the business trust is situated, by the 30th November;
  • in form 64B, duly verified by the person distributing the income on behalf of the business trust, to the unit holder by the 30th June;

 

of the financial year following the previous year during which the income is distributed.

The DGIT (Systems) shall specify the procedure for filing of  Form No 64A and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to the statements so furnished.

Please refer the notification for the relevant forms.

 

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