CBDT Amends Due Dates for Furnishing of Statements in Form 64A and 64E by Business Trust & Securitisation Trust

Notification F. No. 370142/28/2024-TPL, dated 24-02-2025

The Central Board of Direct Taxes (CBDT) has revised Rule 12CA and Rule 12CC, altering the due date for submitting Form 64A and Form 64E by business and securitisation trusts.

Rule 12CA provides that a business trust is required to furnish the income distribution statement to the PCIT/CIT by 30th November and to unit holders by 30th June of the following financial year. Similarly, Rule 12C provides that a securitization trust is required to furnish the income distribution statement to the PCIT/CIT by 30th November and to investors by 30th June of the following financial year.

The board has changed the deadline for submitting statements to PCIT/CIT from 30th November to 15th June. Further, the board has also substituted Forms 64A, 64B, 64C, 64D, 64E and 64F to include a few additions, such as declaring dividend income under Section 10(23FC) when the SPV opts for or does not opt for Section 115BAA. Obsolete details, such as the declaration of dividend income under Section 115-O, are omitted.

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