Form 64D Filing for Investment Funds under Section 115UB

Introduction

Form 64D Filing is a mandatory compliance requirement for eligible investment funds under Section 115UB of the Income tax Act, 1961. The form is used to report the income paid or credited by an investment fund to its unit holders during a financial year. Timely filing helps investment funds comply with tax laws, maintain transparency, and ensure accurate reporting to the Income Tax Department. For tax years governed by the Income tax Act, 2025 (effective from 1 April 2026), Form 64D has been renumbered as Form 79, and Section 115UB has been renumbered as Section 224.

In this blog, you will learn about Form 64D Filing, its applicability, due date, eligibility, the filing process, the consequences of non-compliance, and the corresponding provisions under the Income tax Act, 2025.

Form 64D Filing under the Income tax Act, 1961

Form 64D is a yearly statement that investment funds in India must file with the Income Tax Department under Section 115UB of the Income tax Act, 1961. It gives details of the income shared with unit holders during the financial year. This ensures that the Income Tax Department knows how much income was passed on to the unit holders. It must be submitted by the person managing the fund, such as a fund manager or trustee. Filing Form 64D on time helps avoid penalties and keeps the fund in line with tax laws. It helps maintain transparency between the fund, its unit holders, and the Income Tax Department.

Investment funds that are also required to file their income tax return can read Ebizfiling’s guide on ITR Form 7 Filing for better clarity on return filing applicability.

Note: Under the Income tax Act, 2025, Form 64D has been renumbered as Form 79, and Section 115UB under the Income Tax Act has been renumbered as Section 224.

Who Should File Form 64D?

Form 64D must be filed by eligible investment funds covered under Section 115UB, mainly Category I and Category II Alternative Investment Funds registered or regulated under the applicable SEBI or IFSCA framework. The responsibility lies with the fund manager, trustee, or the person responsible for handling the income distribution. They must report the income paid or credited to each unit holder during the financial year. This helps the Income Tax Department maintain records of such payments. Filing this form ensures proper tax compliance. It also helps unit holders accurately report their income for tax purposes.

Due Date for Filing Form 64D

The due date for filing Form 64D is 15th June of the financial year following the previous year in which the income is paid or credited to unit holders. Meeting this deadline is important to stay compliant and avoid penalties or compliance issues. Timely filing also helps ensure smooth tax reporting for both the investment fund and its unit holders.

How to File Form 64D?

1. Prepare the Required Information

Before filing, gather the following details:

• Investment Fund Details: Name, PAN, registered office address, legal status, and previous year ending.
• Management Details: Details of directors, trustees, partners, or other responsible persons managing the investment fund.
• AIF Registration Details: SEBI AIF registration details or IFSC fund registration details, wherever applicable.
• Unit Holder Information: Names, PANs, addresses, and income allocation details of all unit holders.
• Income Details: Amount of income paid, credited, or deemed to be credited to each unit holder.
• Loss Details: Details of losses, if any, as required under Section 115UB.
• Supporting Documents: Audited accounts, annual report, balance sheet, and income appropriation statement.
• Verification Details: Accountant verification and valid Digital Signature Certificate.

Since Form 64D requires audited accounts and financial records, readers may also refer to Ebizfiling’s Tax Audit Applicability guide for related audit compliance understanding.

2. Log in to the Income Tax e-Filing Portal

Access the official Income Tax e-Filing Portal at https://www.incometax.gov.in.

3. Navigate to the ‘e-File’ Section

Log in to the Income Tax e-Filing Portal and select the applicable income tax form for filing Form 64D, as available on the portal.. (For tax years governed by the Income tax Act, 2025, select Form 79, where applicable.)

4. Fill in the Form

Enter the required details, including information about the investment fund, unit holders, income paid or credited, and other details required in the prescribed form.

5. Verify the Form

Form 64D must be duly verified by an accountant as prescribed under Rule 12CB. The investment fund should ensure that all income details, unit holder details, PAN details, and supporting records are accurate before submission.

6. Submit the Form

After verification, submit the form electronically using a Digital Signature Certificate (DSC). Ensure that the form is successfully submitted and keep the acknowledgment for your records.

Consequences of Non-Compliance

Delay or failure in furnishing Form 64D may attract consequences under the applicable provisions of the Income tax Act, depending on the nature and facts of non-compliance.

• Interest on Delayed Tax: Where applicable, interest may be payable if any related tax liability remains unpaid.
• Legal Consequences: Continuous non-compliance with the filing requirements may result in legal action or additional penalties under the Income tax Act.
• Loss of Credibility: Non-compliance can affect the fund’s reputation with investors and regulatory authorities.
• Issues for Unit Holders: Unit holders may face difficulties in accurately reporting their income if the distributed income is not reported correctly.

Ebizfiling’s Expert Guidance on Form 64D Filing

Whether you’re looking to understand the applicability of Form 64D Filing, its due date, filing process, or the changes introduced under the Income tax Act, 2025, our informative resources are designed to provide clear, reliable, and up-to-date insights for better compliance.

Our Experts Provide

• Expert insights on tax and regulatory compliance
• Up-to-date content based on the latest legal provisions
• Easy-to-understand guides for businesses and professionals
• Practical information to support informed compliance decisions
• Regular updates on changes to tax laws and filing requirements

For broader tax filing support, Ebizfiling also assists businesses with Income Tax Returns Filing Online, Business Income Tax Return Filing, and TDS Return Filing Online.

Conclusion

Form 64D Filing is an important compliance requirement for investment funds in India under Section 115UB of the Income tax Act, 1961. It helps ensure that the income paid or credited to unit holders is accurately reported to the Income Tax Department, promoting transparency and regulatory compliance. By filing Form 64D on time and following the prescribed process, investment funds can avoid compliance issues and maintain accurate tax records. For tax years governed by the Income tax Act, 2025, Form 64D has been renumbered as Form 79 under Section 224. Timely compliance supports smooth tax reporting for both investment funds and their unit holders.

Frequently Asked Questions