Schedule 80-IE – Deductions under Section 80-IE AY 2026-27 ‘Schedule 80-IE’ in the Income Tax Return (ITR) form is for assessees claiming deductions under Section 80-IE of the Income-tax Act, 1961. This section provides deductions to undertakings established during the specified period in the North-Eastern states (i.e., Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura)… Read More »
GATC amendment rules 2026 The Gazette of India CG-DL-E-09052026-272401 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 312] NEW DELHI, FRIDAY, MAY 8, 2026/VAISAKHA 18, 1948 Download PDF click here MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Consumer Affairs) NOTIFICATION New Delhi, the 8th May, 2026 G.S.R. 346(E).—In exercise of the… Read More »
Schedule 80-IAC –Deduction to an Eligible Startup AY 2026-27 ‘Schedule 80-IAC’ in the Income Tax Return (ITR) form is meant for assessees claiming deduction under Section 80-IAC of the Income-tax Act, 1961. This section allows eligible startups to claim a deduction of 100% of profits and gains derived from the eligible business. The startup must be incorporated… Read More »
Schedule 80LA – Deduction in respect of Offshore Banking Units or IFSC AY 2026-27 ‘Schedule 80LA’ in the Income Tax Return (ITR) form applies to assessees claiming deduction under Section 80LA of the Income-tax Act, 1961. This section provides deductions to scheduled banks and foreign banks with offshore banking units in a Special Economic Zone (SEZ) and… Read More »
Specifying Authority for service Notice of Retrenchment under section 70 (c) of IR Code 2020 The Gazette of India CG-DL-E-09052026-272404 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 2288] NEW DELHI, FRIDAY, MAY 8, 2026/VAISAKHA 18, 1948 Download PDF click here MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 8th May, 2026 S.O.… Read More »
Schedule 80M – Schedule for claiming deduction under Section 80M AY 2026-27 ‘Schedule 80M’ in the Income Tax Return (ITR) form applies to domestic companies claiming deduction under Section 80M of the Income-tax Act, 1961. This provision allows a deduction to a domestic company for dividends received from another domestic company, a foreign company, or a business trust,… Read More »
Schedule 80P – Deductions under section 80P AY 2026-27 Schedule 80P in the Income Tax Return form is intended for co-operative societies to claim deductions under Section 80P of the Income Tax Act, 1961. It captures income from specified activities, such as providing banking or credit facilities to members, running cottage industries, marketing members’ agricultural produce, or… Read More »
Schedule VI-A – Deductions under Chapter VI-A AY 2026-27 ‘Schedule VI-A’ in the Income Tax Return (ITR) form is intended for assessees who wish to claim deductions available under Chapter VI-A of the Income Tax Act, 1961. The schedule captures various deductions that reduce the assessee’s gross total income. Certain deduction details must be filled… Read More »
Schedule AMT – Computation of Alternate Minimum Tax Payable under Section 115JC AY 20206-27 ‘Schedule AMT’ in the Income Tax Return (ITR) form applies to non-corporate assessees, who have claimed specified deductions under the Income-tax Act and whose adjusted total income exceeds Rs. 20 lakhs. Under such circumstances, the assessee becomes liable to pay the… Read More »
Schedule MATC – Computation of Tax Credit under section 115JAA AY 2026-27 ‘Schedule MATC’ in the Income Tax Return (ITR) form is applicable to companies that have paid Minimum Alternate Tax (MAT) under Section 115JB and are eligible to claim tax credit under Section 115JAA. This tax credit arises when MAT paid in a previous year exceeds the regular… Read More »