Distribution reporting obligations require UTI and mutual funds to file verified statements of income distributed with designated assessing officers. Rule 12B requires the Unit Trust of India and Mutual Funds to furnish, scheme-wise, a verified statement of income distributed under sub-section (3A) of section 115R to the Assessing Officer in whose jurisdiction the principal office is situated or to the officer designated by the Chief Commissioner/Commissioner. Prescribed formats are Form No. 63 for the Unit Trust and Form No. 63A for Mutual Funds, demanding scheme particulars, distribution and tax details, enclosed audited accounts, challans for tax payments and verification by an authorised officer and an accountant.
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.
Distribution reporting obligations require UTI and mutual funds to file verified statements of income distributed with designated assessing officers.
Rule 12B requires the Unit Trust of India and Mutual Funds to furnish, scheme-wise, a verified statement of income distributed under sub-section (3A) of section 115R to the Assessing Officer in whose jurisdiction the principal office is situated or to the officer designated by the Chief Commissioner/Commissioner. Prescribed formats are Form No. 63 for the Unit Trust and Form No. 63A for Mutual Funds, demanding scheme particulars, distribution and tax details, enclosed audited accounts, challans for tax payments and verification by an authorised officer and an accountant.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
