Income Tax 22nd Amendment Rules, 2016

Amendment in form 64A (Statement of income distributed by a business trust to be furnished under section115UA of the Income-tax Act, 1961) and form 64B (Statement of income distributed by a business trust to be provided to the unit holder under section115UA of the Income-taxAct, 1961)

Business trust required to file statement of income distributed to its unit holder (RULE 12CA) :

Ø in Form No. 64A, duly verified by an accountant in the manner indicated therein and shall be furnished electronically under digital, to the principal commissioner or the commissioner of the Income tax , by the 30 th November of the financial year following the previous year during which such income is distributed.

Ø And in Form No. 64B, duly verified by the person distributing the income on behalf of the business trust in the manner indicated therein, to the unit holder by the 30th June of the financial year following the previous year during which the income is distributed.

CBDT has made following amendment in Form 64A and Form 64B by Income Tax 22^nd Amendment Rules, 2016 (NOTIFICATION No. 84/2016, Dated 16-09-2016)

(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:-

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

S. N o.	Na me (s)	Add ress (es)	P A N	Total amo unt distri buted	Amount  of  income  in the nature  of interest referred to in section 10(23FC) [Column 5 × Sl. No.10]	Amount of income in the nature of renting or leasing or letting referred to in section 10(23FCA) [Column 5 × Sl. No.12]	Amount of income in the nature of Dividend referred to in section 115-O [Column 5 × Sl. No.14]	Am ount of  other inco me [Colu mn 5× Sl. No.16]
1	2	3	4	5	6	7	8	9”

“7. Details of the income distributed by the business trust to the unit holder, during the previous year, in the following format:-

S. No.	Amount distributed	Date of distribution	Amount of income in the nature of interest referred to in section 10(23FC)	Amount of income in the nature of renting or leasing or letting referred to in section 10(23FCA)	Amount of income in the nature of  Dividend referred to in section 115-O	Amount of other income
1	2	3	4	5	6	7”

The said amendment deemed to have come into force from the 1st day of April, 2016.