Form 64A: Due Date, Download, How To Fill Form 64A

When it comes to venture capital companies, there are some special tax rules applicable under Section 115U of the Income Tax Act. One such rule mandates them to file Form 64A before the designated due date. 

Thus, such entities need to have a clear idea of the purpose, documents required, filing procedures, etc. in order to accurately file their returns. Keep reading to learn more. 

Purpose of Form 64A

Form 64A comprises of the statement of income credited or paid by a venture capital company to its unit holders as per Section 115U of the Act. It helps such entities ensure that they accurately file their returns.  

Additionally, they need to submit this form at the designated banks or Post Offices within the due date.  

Who Needs to File Form 64A?

All venture capital companies and venture capital funds need to file Form 64A. It can be done via an individual who has the responsibility of making payments to unit holders and filing returns on behalf of the entities.   

Form 64A Due Date

The due date for filing Form 64A is 30^th November of the financial year after the year in which the income distribution had taken place. 

Form 64A PDF Download

You can download Form 64A with the help of the steps mentioned below:

Step 1: Visit the official Income Tax website.
Step 2: Click on the ‘Forms download section’ 
Step 3: Select Form 64A.   

Alternatively, you can download Form 64A in a PDF format, by searching for its PDF online directly. 

How to Fill Form 64A?

Now, you need to be aware of the components of Form 64A in order to correctly fill up this form. They are as follows:

1. Business trust’s name 
2. Registered office address
3. ​​Assessee’s PAN or Aadhaar number 
4. Previous year ending
5. Name and address details of the trustee’s business trust
6. Registration date with the Securities and Exchange Board of India (SEBI):
   1. As per SEBI’s (Real Estate Investment Trusts) Regulations, 2014
   2. As per SEBI’s (Infrastructure Investment Trusts) Regulations, 2014
7. Taxpayers need to mention whether their business trust’s units were listed on any of the stock exchanges during the previous year. 
8. Business trust’s aggregate income from all sources (9,11,13 and 15). 
9. Income via interest as mentioned under Section 10(23FC).
10. Proportion of 9 to 8. 
11. Income from leasing, renting or letting as present under Section 10(23FCA).
12. Proportion of 11 to 8. 
13. Income from dividends as present under Section 115-O.
14. Proportion of 13 to 8. 
15. Income other than what is included under 9, 11 and 13. 
16. Proportion of 15 to 8.
17. Assessee needs to fill in details of all unitholders as present under Sub-section (1) of Section 115UA in the format provided below.   
18. Declaration.
19. Taxpayer’s signature. 

Documents and Details Required in Form 64A

You also need to provide some documents with Form 64A at the time of submission. They are as follows:

• Audited accounts like certified copies of income, annual reports, balance sheets, etc. 
• Copy of SEBI registration certificate. 
• Copy of the trust’s deed as registered under the Registration Act, 1908. 

As Form 64A contains the statement of income by Venture Capital companies, it is essential for them to include all the correct information to avoid any discrepancies from their end. Thus, it is advisable that such entities hire a reliable accountant or use professional accounting software to keep an accurate track of their income statements.