Schedule 10AA – Deduction under section 10AA AY 2026-27 ‘Schedule 10AA’ in the Income Tax Return (ITR) form captures information related to deductions claimed under Section 10AA of the Income Tax Act. This section provides a tax holiday for units established in Special Economic Zones (SEZs) that are engaged in manufacturing, producing goods, or providing services. The… Read More »
Section 80G – Details of donations entitled for deduction under section 80G AY 2026-27 Section 80G of the Income Tax Return deals with claiming deductions for donations made to specified funds, charitable institutions, or relief organisations under Section 80G. This schedule requires the taxpayer to fill in detailed information about each donation, including the type of donation,… Read More »
Schedule 80GGA – Details of donations for scientific research or rural development AY 2026-27 ‘Schedule 80GGA’ in the Income Tax Return (ITR) form is used to claim deductions under Section 80GGA for donations made to scientific research or rural development programs. In this schedule, the taxpayer needs to select the relevant clause under which the deduction is… Read More »
Schedule 80GGC – Details of contributions made to political parties AY 2026-27 Schedule 80GGC of the Income Tax Return is used to claim a deduction for contributions made to political parties or electoral trusts under Section 80GGC. This schedule requires the taxpayer to enter the date of the contribution and the amount contributed, specifying how much… Read More »
Schedule 80D – Deduction in respect of health insurance premia AY 2026-27 ‘Schedule 80D’ in ITR forms allows taxpayers to claim deductions under Section 80D. The schedule requires the taxpayers to specify whether they or any family member, or any parent, is a senior citizen, as the deduction limits differ for senior citizens. It separately captures… Read More »
Schedule 80DD – Details of deduction in respect of maintenance including medical treatment of a dependent who is a person with disability AY 2026-27 Schedule 80DD of ITR forms allows taxpayers to claim deductions under Section 80DD. This schedule requires the taxpayer to mention the nature of disability, the type of dependent (such as spouse, child,… Read More »
Schedule 80U – Details of deduction in case of a person with disability AY 2026-27 ‘Schedule 80U’ in the Income Tax Return (ITR) form allows a claim of deductions under Section 80U for individuals who are personally suffering from a disability. It requires the taxpayer to provide details such as the nature of disability, date of filing Form… Read More »
Schedule RA – Details of Donations to Research Association etc. AY 2026-27 Schedule RA in the Income Tax Return (ITR) is used to report details of donations made by a person with income from a business or profession to Research Associations, universities, colleges, or other institutions. It is required to be filled when claiming a… Read More »
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… Read More »
Schedule 80-IB – Deductions under Section 80-IB AY 2026-27 ‘Schedule 80-IB’ in the Income Tax Return (ITR) form is intended for assessees claiming deductions under Section 80-IB. Section 80-IB provides deductions of up to 100% on profits derived from specified businesses, with the duration of the deduction depending on the nature and category of the eligible business activity.… Read More »