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

Leave a Reply


Please Signup for 

CA Club's Daily Updates via Email

(After submitting your email below, please check your inbox. Open the email from Feedburner and click on the confirmation link... That's All)