Section A – Business Account (Indian Accounting Standards) AY 2026-27
Schedule Part A – Trading Ind AS in the Income Tax Return (ITR) form applies to companies that are required to prepare their financial statements in compliance with Indian Accounting Standards (Ind AS).
This schedule captures the trading results of the business, reflecting the gross profit or loss for the financial year. It includes details such as opening stock, purchases, direct expenses, sales, and closing stock, all reported in accordance with Ind AS. For companies that have adopted Ind AS (Indian Accounting Standards), this schedule ensures that their trading activities are reported in a manner consistent with these globally converged accounting principles.
This schedule applies to ITR-6 only.