Schedule IA – Details of Accumulated Income Taxed under Section 11(3) AY 2026-27
‘Schedule IA’ in the Income Tax Return form applies to trusts and institutions claiming exemption under sections 11 and 12. It captures year-wise details of accumulated income that was taxed in earlier assessment years as per the provisions of Section 11(3), which deals with the deemed income of the trust when certain conditions for accumulation and application are not met.
The schedule requires the assessee to report the financial year in which the income was accumulated and the assessment year in which the accumulated amount (as reported in Schedule I, Column 6) was subjected to tax.
- Section 11of Income-tax Act, 1961
This schedule applies to ITR-7.