CBDT amends Rule 12CA/12CC regarding due dates of statement to be filed u/s 115UA / 115TCA for payments of income distributed by Business Trust/ Securitisation Trust.
CBDT has issued Notification 17/2025 dated 24.02.2025 notifying the Income-tax (Fifth Amendment) Rules, 2025. The following amendments have been made in the Rules.
| Existing Rule | Amended Rules |
| Rule 12CA – Statement under sub-section (4) of section 115UA in Form 64A to be made by the 30th November of the next financial year | Rule 12CA – Statement under sub-section (4) of section 115UA in Form 64A to be made by the 15th June of the next financial year |
| Rule 12CC – Statement under sub-section (4) of section 115TCA in Form 64E to be made by the 30th November of the next financial year | Rule 12CC – Statement under sub-section (4) of section 115TCA in Form 64E to be made by the 15th June of the next financial year |
Existing Form No. 64A, Form No. 64, Form No. 64C, Form No. 64D, Form No. 64E and Form No. 64F have been accordingly revised.
- Penalty u/s 271B for unfilled column 40 in Tax Audit Report Form 3CD deleted by ITAT
- Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT
- Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT
- Cost Inflation Index for FY/Tax Year 2026-27 notified by CBDT. See Up-to-date Table of CII
- Power of CIT(A) u/s 251(1)(a) to remand case can be exercised only in best judgment assessment
