Form 64A

Meaning & Definition

A Form 64A is an income distribution report issued by a business trust (such as a REIT or InvIT) to its contributors, showing how much of the total income received by the trust in the past year has been distributed to its shareholders as income. The form is used by the shareholder to understand what type of income or class of income was received, and helps the shareholder in reporting the same income while filing Income Taxes.

Importance of Form 64A

• Distribute information regarding business trust income to investors. 
• Assist with filing correct income tax returns for all investors. 
• Provide transparency in income reporting from trusts. 
• Ensure that distributed income receives the appropriate tax treatment. 
• Serve as the formal documentation necessary for investors’ financial records.

Compliance Requirements 

Under applicable law, business trusts must issue tax certificates (Form 64A) in accordance with their statutory requirement to report income to their investors in accordance with the applicable laws and regulations.