Form 72 Income Tax Rules 2026 pdf download and Key points
Form 72 Income Tax Rules 2026 pdf download and Key points
FORM NO. 72
[See rule 145]
Statement of income paid or credited by a securitisation trust to be furnished under section 221
Under the Income-tax Rules, 2026, Form No. 72 replaces the erstwhile Form 64E. It is governed by Section 221 of the Income-tax Act, 2025, and Rule 145 of the Income-tax Rules, 2026.
Here are all the comprehensive key points regarding Form No. 72:
1. Purpose of the Form Form 72 is a consolidated annual statement filed by a Securitisation Trust to report the income paid, credited, or deemed to be credited to its investors. Its primary purpose is to facilitate a pass-through taxation mechanism, ensuring that income flows through to the investors without being subject to double taxation at the trust level.
2. Applicability (Who Should File) The form must be filed by the person responsible for paying or crediting income on behalf of every Securitisation Trust. A Securitisation Trust qualifies if it is registered under any of the following:
- Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008.
- Guidelines on Securitisation of Standard Assets issued by the Reserve Bank of India (RBI).
- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
3. Frequency and Due Date
- Frequency: The form is filed annually for the relevant tax year.
- Due Date: It must be filed by 15th June of the financial year immediately following the tax year in which the income was paid or credited to the investors.
4. Structure of the Form Form 72 is structured to capture comprehensive details of the trust and its distributions:
- Basic Details: Captures the Name of the trust, Tax Year, PAN, registered office address, phone number, and email address.
- Legal Status: Specifies whether it is a trust, body corporate, or another entity.
- Management Details: Captures the details (Name, PAN, Aadhaar, Address) of all trustees, directors, or partners of the Securitisation Trust.
- Income Details: Captures the total income earned from securitised assets and the specific amounts paid/credited to investors.
5. Mandatory Documents Required Before filing Form 72, the trust must have the following documents in its possession:
- Books of account and audited financial statements of the Securitisation Trust.
- Details of income earned from the underlying securitised assets during the tax year.
- A complete list of investors along with their PAN/Aadhaar and addresses.
- Income distribution details for each investor, explicitly including the date of payment or credit.
- Registration certificate under the applicable Act/Regulations.
6. Process Flow and Mode of Filing
- Accountant Verification: The books of account and income distribution records must first be examined and verified by a qualified accountant (Chartered Accountant) as defined in section 515(3)(b).
- Online Only: The authorized person must electronically file Form 72 using a digital signature on the Income Tax e-filing portal; offline submission is not permitted.
- Auto-Generation of Form 73: Once Form 72 is successfully filed, individual Form 73 statements are automatically generated by the system for each investor based on the submitted data. The Securitisation Trust must download these and furnish them to each investor by 30th June.
7. Key Updates in the 2026 Rules
- Addition of “Date of payment or credit”: Under the old rules, the “date of payment” field was missing in the parent form (Form 64E) but was required in the child form (Form 64F), causing operational difficulties for the system. In the 2026 rules, this field has been explicitly added to Form 72 itself, enabling smooth auto-population of the child forms (now Form 73).
Form 72 Income Tax Rules 2026 pdf download
Form No.72– Frequently Asked Questions
Guidance Note on Form 72
1. What is Form 72?
Ans: Form 72 is a statement of income paid or credited by a securitization trust to its investors.
2: Who should file 72?
Ans: Form 72 is to be furnished to the Income-tax Department by the person responsible of paying/ crediting income on behalf of the securitization trust to the investors. Securitization trust, for this purpose, has been defined in section 221(6)(d) of the Income-tax Act, 2025.
3: What is the time limit for filing 72?
Ans: Form 72 must be filed by 15th June of the financial year immediately following the tax year in
which the income was paid or credited to the investor.
4: What documents are required to file Form 72?
Ans: Following documents must be in possession before filing Form 72
1. Books of account and audited financial statements of the Securitisation Trust
2. Details of income earned from underlying securitised assets during the tax year
3. Complete list of investors with their PAN/Aadhaar and addresses
4. Income distribution details for each investor with date of payment/credit
5. Registration certificate under applicable Act/Regulations
5: Can Form 72 be filed offline?
Ans: No. Form 72 can only be submitted online through the Income Tax e-Filing portal.
6: Why is Form 72 important?
Ans: This form is important for the securitization trusts, as it ensuresa. Compliance with statutory requirement to file consolidated income distribution statement
with the Income Tax Department.
b. Facilitation of pass-through taxation mechanism whereby income flows through to
investors without double taxation at the trust level.
Form 66 Income Tax Rules 2026 pdf download and Key points
Form 67 Income Tax Rules 2026 pdf download and Key points
Form 68 Income Tax Rules 2026 pdf download and Key points
Form 69 Income Tax Rules 2026 pdf download and Key points
Form 70 Income Tax Rules 2026 pdf download and Key points
Form 71 Income Tax Rules 2026 pdf download and Key points
for more refer income tax website click here
for more refer YouTube Subscribe website click here