CBDT amends Rule 12CB and Forms 64C and 64D for Section 115UB: CBDT vide Notification No. 55/2020 dated 28.07.2020 amended Rule 12CB of Income Tax Rules, 1962 and substituted Form No. 64C and Form No. 64D for the purpose of section 115UB(7).
As per the new Rule 12CB, the statement of income paid or credited by an investment fund to its unit holder shall be furnished to the unit holder by 30th day of June of the following financial year in Form No. 64C after generating and downloading the same from the designated web portal. Further, the Pr. DGIT (Systems) or DGIT (Systems) shall also specify the procedure for electronic filing of Form No. 64D to the jurisdictional Pr. CIT or CIT by 15th day of June of the following financial year.
Read the full text of the CBDT’s Notification No. 55/2020 dated 28.07.2020 on Rule 12CB
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