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 »
Schedule SH-1: Shareholding of Unlisted Company AY 2026-27 Schedule SH-1 is a disclosure requirement under the Income-tax Return forms for unlisted companies, excluding those covered under section 8 or section 3(2) of the Companies Act, 2013. It is not applicable to DPIIT-recognised start-ups (which must file Schedule SH-2). This schedule ensures transparency in shareholding and helps track funds received… Read More »
Schedule SH-2 – Shareholding of Start-Ups AY 2026-27 ‘Schedule SH-2’ in the Income Tax Return (ITR) form applies to start-ups that have filed a declaration in Form-2 under para 5 of the DPIIT notification dated 19.02.2019. The form requires the reporting of comprehensive information about the equity structure and changes in shareholding during the relevant… Read More »
Schedule SPI – Income of Specified Persons (Spouse, Minor Child, etc.) includible in the Income of the Assessee as per section 64 AY 2026-27 ‘Schedule SPI’ (Specified Persons Income) in the Income Tax Return form is used to report income of any other person included in the assessee’s total income under the provisions of the… Read More »
Schedule SI – Income Chargeable to Tax at Special Rates 2026-27 ‘Schedule SI’ in the Income Tax Return (ITR) form captures income that is chargeable to tax at special rates under various provisions of the Income-tax Act, 1961. This includes incomes such as certain capital gains, lottery winnings, unexplained income, and other categories that are… Read More »
Schedule EI – Details of Exempt Income (Income not to be included in Total Income or not chargeable to tax) AY 2026-27 ‘Schedule EI’ in the Income Tax Return (ITR) form is meant for reporting income that is exempt from tax and not included in total income under the Income-tax Act, 1961. This includes interest… Read More »
Schedule PTI – Pass Through Income Details from Business Trust or Investment Fund as per Section 115U, 115UA and 115UB ay 2026-27 ‘Schedule PTI’ in the Income Tax Return (ITR) form is applicable to assessees who have received pass-through income from business trusts or investment funds as governed under Section 115UA, 115UB, or 115 of the Income-tax Act, 1961.… Read More »
Schedule TPSA – Details of Tax on Secondary Adjustments as per Section 92CE(2A) AY 2026-27 ‘Schedule TPSA’ in the Income Tax Return (ITR) form pertains to details of tax on secondary adjustments under section 92CE(2A) of the Income-tax Act, 1961. This schedule is to be filled when a taxpayer has opted under section 92CE(2A) to pay tax on excess… Read More »