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Form 64A

What Is Form 64A?

Form 64A is a statement of income distributed by a business trust or investment fund to its unit holders. It is used to report the total income earned and distributed during a financial year and the portion of income chargeable to tax in the hands of each unit holder.

The form is filed under Section 115UA(4) of the Income Tax Act, 1961, and is applicable primarily to business trusts (like REITs and InvITs) and Category I and II Alternative Investment Funds (AIFs).

Who Needs to File Form 64A?

Form 64A must be filed by:

• Trustees of business trusts (such as Real Estate Investment Trusts or Infrastructure Investment Trusts)
• Managers of Alternative Investment Funds (AIFs)

It is a mandatory annual statement that must be furnished for each financial year during which income is distributed to unit holders.

Purpose of Form 64A

The primary objectives of Form 64A are to

• Disclose the total income of the trust or fund for the financial year
• Report the amount distributed to each unit holder
• Clarify the portion of income taxable in the hands of the unit holder
• Ensure transparency and compliance with the pass-through taxation mechanism

Under the pass-through system, certain incomes are taxed directly in the hands of the unit holders instead of the trust/fund itself.

Key Information Required in Form 64A

Form 64A includes

• Name, address, and PAN of the trust or fund
• Nature and type of income earned (e.g. interest, dividend, rental income)
• Details of income distributed to each unit holder
• PAN of the unit holders
• Amount chargeable to tax in the hands of each unit holder
• Declaration by the authorised signatory of the fund

The form must be certified and submitted in the prescribed format set by the Income Tax Department.

Due Date for Filing Form 64A

Form 64A must be filed on or before 30th June following the end of the financial year in which income was distributed.

Filing on time is important to avoid non-compliance and to make sure that unit holders can file their tax returns correctly.

How to File Form 64A

1. Form 64A must be prepared and submitted electronically using a valid Digital Signature Certificate (DSC)
2. It is submitted via the Income Tax e-Filing portal
3. A verification statement must be digitally signed by the authorised representative of the trust or fund
4. Once successfully submitted, an acknowledgement is generated for reference and future audit purposes

Importance of Form 64A

• Enables accurate tax reporting for unit holders
• Essential for compliance under Section 115UA
• Ensures transparency in fund income distribution
• Supports the pass-through tax system used by business trusts and AIFs
• Prevents double taxation or incorrect reporting of income

Form 64A helps unit holders understand how much of their received income is taxable and in what form, enabling smoother and error-free return filing.