Income Tax Portal Updates Forms in Wake of Due Date Preponement: Know More

Income Tax Portal: Due date to file Form 64A and 64E for AY 2025-26 has been preponed to 15th June 2025. The Central Board of Direct Taxes (CBDT), vide Notification No. 17/2025 dated 24th February, 2025, has amended Rule 12CA and Rule 12CC, changing the due date for submitting Form 64A and Form 64E by business and securitisation trusts from 30th November to 15th June of the following Financial Year.

The Same has been implemented on the Income Tax Portal also.

The Ministry of Finance (Department of Revenue), through the Central Board of Direct Taxes (CBDT), issued a new notification on 24 February 2025 (Notification No. 17/2025, G.S.R. 145(E)). This notification brings into effect the Income-tax (Fifth Amendment) Rules, 2025, which update parts of the Income-tax Rules, 1962. These new rules will take effect from the date they are published in the Official Gazette.

1. Title and Enforcement

These rules will be known as the Income-tax (Fifth Amendment) Rules, 2025 and will be made effective as soon as they are officially published.

2. Substitution of Rule 12CA

The existing Rule 12CA is replaced with a new one related to business trusts:

• Who needs to file: The person responsible for paying income tax on behalf of a business trust must file a statement with the Income Tax Department and send a copy to the unit holder.
• To Department: Form 64A must be submitted to the relevant Principal Commissioner or Commissioner of Income-tax (where the main office of the trust is located) by 15th June of the financial year following the year in which the income was paid. It must be e-filed with an e-signature and verified by a chartered accountant (CA).
• In case of the Unit Holder: Form 64B must be generated, downloaded from the appropriate tax portal, verified by the trust or payer, and sent to the unit holder by 30th June 2025.

The Principal Director General (Systems) or Director General (Systems) of Income Tax will set up:

• The online filing process for Form 64A includes data security and storage.
• The rules for generating and downloading Form 64B online, along with the responsibility for managing these systems daily.

3. Substitution of Rule 12CC

Rule 12CC, related to securitisation trusts, is also updated:

• Who needs to file: The person or trust responsible for distributing or crediting income to investors must file a statement with the tax department and send a copy to each investor.
• To Department: Form 64E must be lodged by the 15th of June of the following financial year with the relevant tax officer, electronically signed and certified by the Accountant.
• To investor: The payer must create, download and print Form 64F from the tax portal, sign and forward it to the investor by 30th June, 2025.

The Principal Director General (Systems) or Director General (Systems) will again define:

• The online process for filing Form 64E and managing secure storage.
• The system for creating and downloading Form 64F will oversee this daily.

4. Changes in Appendix-II

Changes have also been made to Appendix II, specifically to Form No. 10IH and other related forms:

I. In Form No. 10IH:

• In Serial No. 8: The tax rate “@10%” has been deleted.
• In Serial No. 9: The words “and which is chargeable @10%” have been deleted.
• In Serial No. 10: The tax rate “@15%” has been deleted.

In Annexure 1:

• Part A1: The “@10%” rate has been deleted.
• Part A2: The words “and which is chargeable @10%” have been deleted.
• Part A3: The “@15%” rate has been deleted as well.

This is a change to remove fixed tax rates from the form, likely to allow for flexibility or reflect fluid tax laws in other locations.

II. Replacement of Other Forms

The following forms will also be replaced with updated versions:

• Form 64A (statement for business trusts to the tax department)
• Form 64B (statement for trusts to unit holders)
• Form 64C
• Form 64D
• Form 64E (statement for securitisation trusts to the tax department)
• Form 64F (statement for securitisation trusts to investors)

These amendments ensure the forms are now technically up to date to follow the new digital filing and digital verification as required under the Amendment Rules.

Refer to the official notification, for complete information.