Quick Summary
The Central Board of Direct Taxes (CBDT) has issued Notification No. 17/2025, introducing amendments to the Income-Tax Rules, 1962 under the Income-Tax Act, 1961. The amendments primarily focus on Sections 115UB, 115TD, 115TA, and 115TCA, ensuring greater clarity in the reporting and taxation of bus
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CBDT notification mandates business trusts and investment funds to electronically furnish income distribution details to unit holders and beneficiaries.
Business trusts must electronically file income distribution details by June 15 of the subsequent financial year and issue income distribution statements to unit holders by June 30.
Investment funds must now provide income distribution details to unitholders electronically by June 15 and issue statements to beneficiaries by June 30.
Yes, the amendments clarify tax rates and deductions applicable to business trusts, REITs, and AIFs, including specific adjustments to capital gains tax.
The notification emphasises the use of digital signatures and electronic filing of forms, aligning with India's digital governance initiatives and promoting paperless compliance.
CAclubindia
