Monthly Archives: May 2026

Notification under Section 136(1) of CoSS, 2020

By | May 11, 2026

Notification under Section 136(1) of CoSS, 2020 The Gazette of India CG-DL-E-09052026-272391 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 2268] 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. 2359(E).— In exercise of the powers conferred by… Read More »

Schedule 80-IB – Deductions under Section 80-IB AY 2026-27

By | May 11, 2026

Schedule 80-IB – Deductions under Section 80-IB AY 2026-27 ‘Schedule 80-IB’ in the Income Tax Return (ITR) form is intended for assessees claiming deductions under Section 80-IB. Section 80-IB provides deductions of up to 100% on profits derived from specified businesses, with the duration of the deduction depending on the nature and category of the eligible business activity.… Read More »

Notification under Section 136(2) of CoSS, 2020

By | May 11, 2026

Notification under Section 136(2) of CoSS, 2020 The Gazette of India CG-DL-E-09052026-272392 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 2269] 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. 2360(E).— In exercise of the powers conferred… Read More »

Schedule 80-IE – Deductions under Section 80-IE AY 2026-27

By | May 11, 2026

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

By | May 11, 2026

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

By | May 11, 2026

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

By | May 11, 2026

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

By | May 11, 2026

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

By | May 11, 2026

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

By | May 11, 2026

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 »