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Securitisation trusts must furnish a statement of distributed income to the income-tax authority in Form No. 64E by the 30th day of November of the financial year. The trust must submit this statement electronically under a digital signature and verify it through an accountant. The trust must also furnish a statement to the investor in Form No. 64F by the 30th day of June of the financial year. These rules take effect from the 1st day of June, 2016.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th November, 2016 INCOME-TAX S.O. 3573(E).—In exercise of the powers conferred by section 295 read with sub-section (4) of section 115TCA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
"12CC. Statement under sub-section (4) of section 115TCA. (1) The statement of income distributed by a securitisation trust to its investor shall be furnished to the Principal Commissioner or the Commissioner of Income-tax within whose jurisdiction the principal office of the securitisation trust is situated, by 30th day of November of the financial year following the previous year during which such income is distributed: Provided that the statement of income distributed shall also be furnished to the investor by 30th day of June of the financial year following the previous year during which the income is distributed. (2) The statement of income distributed shall be furnished under sub-section (4) of section 115TCA by the securitisation trust to-
"FORM NO. 64E [See rule 12CC (2)(i)] Statement of income paid or credited by a securitisation trust to be furnished under section 115TCA of the Income- tax Act, 1961
Name of the securitisation trust:
Address of the registered office:
Legal status:
Permanent Account Number:
Previous year ending:
Name and address of the Trustees/ Directors/ Partners of the securitisation trust:
| S. No | Name | PAN | Aadhar, if any | Address |
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) |
(ii) Registration number: (Please also indicate Act/Regulation under which registered) (iii) Date of registration:
| S. No. | Amount | Proportion [Column 2/Amount at 7(i) above] |
|---|---|---|
| (1) | (2) | (3) |
| 1. |
| S. No. | Amount | Proportion [Column 2/Amount at 7(i) above] |
|---|---|---|
| (1) | (2) | (3) |
| 1. |
| S. No. | Category | Amount | Proportion [Column 3/Amount at 7(i) above] |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1 | Long Term Capital Gain referred to in Section 10(38) | ||
| 2 | Long Term Capital Gain [Others] | ||
| 3 | Short Term Capital Gain [To which Section 111A applies] | ||
| 4 | Short Term Capital Gain [Others] |
| S. No | Category | Amount | Proportion [Column 3/Amount at 7(i) above] |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1 | Dividends [referred to in Section 115-O] | ||
| 2 | Others |
| S . N o. | Name of Investor | Addres s | PAN | Total amount paid/ credited/ Deemed to be credited | Income under the head 'Business or Profession [Column 5 × Column 3(1) of Table at s.no. 7(ii)] | Income from House Property [Column 5 × Column 3(1) of Table at s.no. 7(iii)] | Income under the head 'Long Term Capital Gains' | Income under the head 'Short Term Capital Gains' | Income under the head 'Other Sources' | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Referred to in Section 10(38) [Column 5 × Column 4(1) of Table at s.no. 7(iv)] | Others [Column 5 × Column 4(2) of Table at s.no. 7(iv)] | To which Section 111A applies [Column 5 × Column 4(3) of Table at s.no. 7(iv)] | Others [Column 5 × Column 4(4) of Table at s.no. 7(iv)] | 'Dividend' [referred to in Section 115-O] [Column 5 × Column 4(1) of Table at s.no. 7(v)] | Others [Column 5 × Column 4(2) of Table at s.no. 7(v)] | |||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) |
Attach a copy of the certificate of registration under the applicable Act/ Regulations, viz., in case of securitisation trust, under the Securities and Exchange Board of India (Public Offer and Listing of Securities Debt Instruments) Regulations, 2008; in case of Special Purpose Vehicle regulated by the guidelines of Standard Assets issued by the Reserve Bank of India; and in case of Securitisation Company or a Reconstruction Company, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
