Business trust income classification updated: amended tax forms require detailed categorical disclosure of distributed income components. Amendment requires business trusts to disclose in Form 64A a segmented aggregate income statement showing amounts and proportions of interest, renting or leasing, dividend and other income, and to maintain a register of distributions to unit holders with PAN and categorical allocation. Form 64B is amended to record, for each distribution during the previous year, the date and breakdown of amounts by interest, renting or leasing, dividend and other income.
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Business trust income classification updated: amended tax forms require detailed categorical disclosure of distributed income components.
Amendment requires business trusts to disclose in Form 64A a segmented aggregate income statement showing amounts and proportions of interest, renting or leasing, dividend and other income, and to maintain a register of distributions to unit holders with PAN and categorical allocation. Form 64B is amended to record, for each distribution during the previous year, the date and breakdown of amounts by interest, renting or leasing, dividend and other income.
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