Amended IT Form 64A/ 64B Notified by CBDT

CBDT Notifies Revised Income Tax Form 64A/ 64B (Statement of income distributed by a business trust)

The CBDT vide Notification No. 84/2016 dt. 16 Sept. 2016 has notified amended Form 64A and 64B (Statement of income distributed by a business trust under section 115UA of the Income-tax Act,1961) w.e.f. 1 April, 2016, as under:

CBDT Notification No. 84/2016 dt. 16 Sept. 2016 F. No. 142/10/2014-TPL

S.O. 2979(E).—In exercise of the powers conferred by section 295 read with sub-section (4) of section 115UA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—

1. (1) These rules may be called the Income-tax (22nd Amendment) Rules, 2016. (2) They shall be deemed to have come into force from the 1st day of April, 2016.

2. In the Income-tax Rules, 1962, in the Appendix II,-

(i) in Form 64A, for items 8 to 15, following items shall be substituted, namely:-

8. Aggregate income of the Business trust from all sources (9+11+13+15)

9. Income by way of interest referred to in section 10 (23FC)

10. Proportion of 9 to 8

11. Income by way of renting or leasing or letting referred to in section 10(23FCA)

12. Proportion of 11 to 8

13. Income by way of Dividend referred to in section 115-O

14. Proportion of 13 to 8

15. Income other than that referred to in 9, 11 and 13

16. Proportion of 15 to 8

17. Details of persons being unit holders, referred to in sub-section (1) of section 115UA to whom the income is distributed, in the following format:- … contd… (please refer attachment)

(ii) in Form 64B, for item 7, following item shall be substituted, namely:-

7. Details of the income distributed by the business trust to the unit holder, during the previous year, in the following format:-  … contd… (please refer attachment)

Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S.O. 969 (E) dated the 26th March, 1962 and was last amended vide notification number S.O. 2747(E) dated the 19th August, 2016.

CBDT Notification No. 84/2016 dt. 16 Sept. 2016 Revised IT Form 64A/ 64B

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