Income-tax form amendments: ITR 2 adds TRP reimbursement reporting and ITR 5 adds a consolidated deductions schedule. The corrigendum amends income-tax return forms by inserting a new row in Form ITR-2 to report any government reimbursement to a TRP, and by inserting in Form ITR-5 a new detailed schedule (after Schedule 10A) to record multiple categories of deductions, including deductions for units in Special Economic Zones, export-oriented units, exports of handmade wooden articles, donations eligible for deduction, and various sector- and region-specific profit-linked and industry-targeted deductions with subtotal and total fields.
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Income-tax form amendments: ITR 2 adds TRP reimbursement reporting and ITR 5 adds a consolidated deductions schedule.
The corrigendum amends income-tax return forms by inserting a new row in Form ITR-2 to report any government reimbursement to a TRP, and by inserting in Form ITR-5 a new detailed schedule (after Schedule 10A) to record multiple categories of deductions, including deductions for units in Special Economic Zones, export-oriented units, exports of handmade wooden articles, donations eligible for deduction, and various sector- and region-specific profit-linked and industry-targeted deductions with subtotal and total fields.
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