The Central Board of Direct Taxes (CBDT) has introduced the Income-tax (Fifth Amendment) Rules, 2025, bringing significant changes to compliance requirements for business trusts and securitisation trusts.
These amendments, which come into effect upon publication in the Official Gazette, modify the Income-tax Rules, 1962 by updating filing procedures and statement formats.
Key Highlights of the Amendment
- Revised Rule 12CA: Income Distribution by Business Trusts
Business trusts must furnish Form No. 64A (digitally signed) to the Principal Commissioner or Commissioner of Income-tax by June 15 of the financial year following income distribution. Form No. 64B must be generated and issued to unit holders by June 30 via a designated web portal.
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- Revised Rule 12CC: Income Paid by Securitisation Trusts
Securitisation trusts must submit Form No. 64E to the tax authorities by June 15 and issue Form No. 64Fto investors by June 30 using the specified online portal.
- New Compliance Framework
The Principal Director General of Income-tax (Systems) will oversee filing procedures, security, archival, and retrieval policies for these statements.
Updated formats and standards for generating and downloading statements will be implemented.
- Changes in Tax Forms
Amendments in Form No. 10IH remove specific tax rate mentions. Forms 64A, 64B, 64C, 64D, 64E, and 64F have been revised.
Notification Details
Notification No. 17/2025
Date: 24/02/2025
