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.
- AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT
- Shareholders can’t be taxed for income from properties owned by the company – HC
- Jurisdictional error in reassessment approval can’t be shielded by the law of limitation
- ITAT ought to remanded whole matter of bogus purchases instead of profit determination
- Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A
