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<h1>CBDT Amends Income-tax Rules: Business Trusts Must Submit Income Distribution Statements u/r 12CA by November 30.</h1> The notification from the Central Board of Direct Taxes outlines amendments to the Income-tax Rules, 1962, specifically introducing Rule 12CA under section 115UA. It mandates that business trusts must furnish a statement of income distributed to unit holders to the Principal Commissioner or Commissioner of Income-tax by November 30 of the financial year following the distribution. Additionally, the statement must be provided to unit holders by June 30. The income statement must be submitted electronically using Form No. 64A for tax authorities and Form No. 64B for unit holders. The Director General of Income-tax (Systems) will oversee the filing procedures and security measures.