Schedule 80-IA: Deduction under Section 80-IA AY 2026-27

Schedule 80-IA: Deduction under Section 80-IA AY 2026-27

‘Schedule 80-IA’ in the Income Tax Return (ITR) form is for assesses claiming this deduction. Any assessee deriving profit from eligible businesses such as developing, operating, or maintaining infrastructure facilities, telecommunication services, industrial parks, SEZs, or power generation and distribution can claim this deduction.

Section 80-IA provides a 100% deduction of profits and gains from eligible businesses. The assessee can claim the deduction for any 10 consecutive assessment years out of 15 or 20 years, depending on the nature of the business as specified.

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

Section 80-IA of Income-tax Act, 1961

Rule 18BBB, Rule 18BBD, Rule 18BBE and Rule 18C of the Income-tax Rules, 1962.

Any assessee deriving profit from the eligible business can claim deduction under Section 80-IA. Developing, operating or maintaining Infrastructure facility, telecommunication services, Industrial Park, SEZ, and power generation or distribution are eligible business under this provision. Up to 100% profits are deductible under this provision for a period of 10 consecutive assessment years out of 15 years or 20 years, as the case may be.

This schedule applies to ITR-6.