Statement of income distributed by business trust must be furnished to tax authorities and unit holders electronically, using prescribed forms. Rule 12CA mandates that a business trust furnish a statement of income distributed to the Principal Commissioner or Commissioner and to unit holders, using prescribed Forms No. 64A (filed electronically under digital signature and verified by an accountant) and No. 64B (provided to unit holders and verified by the distributor). The forms require trust registration and deed copies, audited accounts, an aggregate income breakdown by category, per-unit-holder distribution details, and verification declarations. The Director General of Income-tax (Systems) will specify filing procedure and security, archival and retrieval policies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statement of income distributed by business trust must be furnished to tax authorities and unit holders electronically, using prescribed forms.
Rule 12CA mandates that a business trust furnish a statement of income distributed to the Principal Commissioner or Commissioner and to unit holders, using prescribed Forms No. 64A (filed electronically under digital signature and verified by an accountant) and No. 64B (provided to unit holders and verified by the distributor). The forms require trust registration and deed copies, audited accounts, an aggregate income breakdown by category, per-unit-holder distribution details, and verification declarations. The Director General of Income-tax (Systems) will specify filing procedure and security, archival and retrieval policies.
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