notification no. 17/2025 f. no. 370142/28/2024 tpl / g.s.r. 145 e income tax fifth amendment rules 2025

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 24th February, 2025
No. 17/2025

G.S.R. 145(E).—In exercise of the powers conferred by sub-section (1A) of section 115AD, sub-section (4) of section 115TCA, sub-section (4) of section 115UA and sub-section (7) of section 115UB read with section 295 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:─

1. (1) These rules may be called the Income-tax (Fifth Amendment) Rules, 2025.

• (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962,–

• (a) for rule 12CA, the following shall be substituted, namely:- “12CA. Statement under sub-section (4) of section 115UA.—(1) The statement of income distributed by a business trust to its unit holder shall be furnished by the person responsible for making payment of the income distributed on behalf of a business trust to –

  • (i) the Principal Commissioner or the Commissioner of Income-tax, as the case may be, within whose jurisdiction the principal office of the business trust is situated by the 15th day of June of the financial year following the previous year during which the income is distributed electronically under digital signature, in Form No. 64A duly verified by an accountant in the manner indicated therein; and
  • (ii) the unit holder by the 30th day of June of the financial year following the previous year during which the income is distributed in Form No. 64B after generating and downloading the same from the web portal specified by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or the person authorised by him and duly verified by the person paying the income distributed on behalf of the business trust in the manner indicated therein.

  (2) The Principal Director General of Income-tax (Systems) or the Director General of Income tax (Systems), as the case may be, shall specify,-

  • (i) the procedure for filing of Form No. 64A and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to the statements of income paid so furnished under this rule; and
  • (ii) the procedure, formats and standards for generation and download of statement in Form No. 64B from the web portal specified by him or by the person authorised by him and he shall be responsible for the day-to-day administration in relation to the generation and download of certificates from the web portal specified by him or the person authorised by him.”;

• (b) for rule 12CC, the following shall be substituted, namely:- “12CC. Statement under sub-section (4) of section 115TCA.—(1) The statement of income paid or credited by a securitisation trust to its investor shall be furnished by the person responsible for crediting or making payment of the income on behalf of a securitisation trust and the securitisation trust to –

  • (i) the Principal Commissioner or the Commissioner of Income-tax, as the case may be, within whose jurisdiction the principal office of the securitisation trust is situated by the 15th day of June of the financial year following the previous year during which the income is paid or credited electronically under digital signature, in Form No. 64E duly verified by an accountant in the manner indicated therein; and
  • (ii) the investor by the 30th day of June of the financial year following the previous year during which the income is paid or credited in Form No. 64F after generating and downloading the same from the web portal specified by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or the person authorised by him and duly verified by the person paying or crediting the income on behalf of the securitisation trust in the manner indicated therein.

  (2) The Principal Director General of Income-tax (Systems) or the Director General of Income tax (Systems), as the case may be, shall specify,–

  • (i) the procedure for filing of Form No. 64E and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to the statements of income paid or credited so furnished under this rule; and
  • (ii) the procedure, formats and standards for generation and download of statement in Form No. 64F from the web portal specified by him or by the person authorised by him and he shall be responsible for the day-to-day administration in relation to the generation and download of certificates from the web portal specified by him or the person authorised by him.”;

• (c) in Appendix-II,–

  • I. in Form No. 10IH,–

    • (i) in S.No. 8, the figures “@10%” shall be omitted;
    • (ii) in S.No. 9, the words and figures “and which is chargeable @10%” shall be omitted;
    • (iii) in S.No. 10, the figures “@15%” shall be omitted;
    • (iv) in Annexure 1,–
      • (A) in Part A1, the figures “@10%” shall be omitted;
      • (B) in Part A2, the words and figures “and which is chargeable @10%” shall be omitted;
      • (C) in Part A3, the figures “@15%” shall be omitted;

  • II. for Form No. 64A, Form No. 64B, Form No. 64C, Form No. 64D, Form No. 64E and Form No. 64F, the following shall be substituted, namely:-

“FORM NO. 64A
[See rule 12CA(1)(i)]
[e-Form]
Statement of income distributed by a business trust to be furnished under section 115UA of the Income-tax Act, 1961

1. Name of the business trust
2. Address of the registered office
3. Permanent Account Number
4. Previous year ending
5. Name and address of the trustees of the business trust
6. Date of registration of the business trust with the Securities and Exchange Board of India

• (i) under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
• (ii) under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014

7. Whether the units of the business trust are listed on any recognised stock exchange at any time during previous year
   Yes/No
8. Aggregate income of the Business trust from all sources (9+11+13+15+17)
9. Income by way of interest referred to in clause (23FC) of section 10
10. Proportion of 9 to 8
11. Income by way of renting or leasing or letting referred to in clause (23FCA) of section 10
12. Proportion of 11 to 8
13. Income by way of dividend referred to in clause (23FC) of section 10 in a case where the special purpose vehicle has exercised option under section 115BAA
14. Proportion of 13 to 8
15. Income by way of dividend referred to in clause (23FC) of section 10 in a case where the special purpose vehicle has not exercised option under section 115BAA
16. Proportion of 15 to 8
17. Income other than that referred to in 9, 11, 13 and 15
18. Proportion of 17 to 8
19. Details of persons being unit holders, referred to in sub-section (1) of section 115UA to whom the income is distributed, in the following format:—