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

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) that are engaged in the manufacturing or production of eligible goods or the provision of specified services.

Section 80-IE allows a 100% deduction of profits for a period of 10 consecutive assessment years, beginning with the year in which the undertaking commences operations.

The schedule requires details corresponding to Form 10CCB , where the undertaking must report the amount of deduction claimed under Section 80-IE.

Section 80-IE of Income-tax Act, 1961

An undertaking deriving profit from the manufacture or production of an eligible article or an eligible business in the North-Eastern States can claim a deduction under section 80-IE. A deduction can be claimed for the entire profit and gains derived from such an undertaking for 10 assessment years.

This schedule applies to ITR-3, ITR-5, and ITR-6.