Chapter VI-A deductions in ITR-1 & 2 – Part II [80E,80G,80TT & 80E]
Hi, In this post we will see the different types of chapter VI-A deductions in ITR-3 which includes 80-IA, 80-IAB, 80-IB, 80-IBA, 80-IC, 80-JJA, 80-JJAA and 80-IE.
This includes the chapter VI-A deduction allowed under ITR-1 and 2, which can be viewed here:
Chapter VI-A deductions in ITR-1 and 2 [80C and 80D]
Chapter VI-A deductions in ITR-1 & 2 – Part II [80E, 80G, 80TT & 80E]
To begin with, for-profits and gains from industrial undertakings dealing with infrastructure development, etc., a hundred per cent deduction of the profits and gains amount can be claimed in computing the total income of the assessee under 80-IA for ten consecutive assessment years.
![](https://i0.wp.com/saral.pro/wp-content/uploads/2024/04/1.Chapter-VI-A-deductions-in-ITR-3-80-IA-1.png?fit=918%2C372&ssl=1)
Based on the categories listed, select the required category and make the entry accordingly and click on save.
![](https://i0.wp.com/saral.pro/wp-content/uploads/2024/04/2.Chapter-VI-A-deductions-in-ITR-3-Save-1.png?fit=926%2C373&ssl=1)
The same will be reflected in the software.
![](https://i0.wp.com/saral.pro/wp-content/uploads/2024/04/3.Chapter-VI-A-deductions-in-ITR-3-Software-1.png?fit=628%2C162&ssl=1)
Note:The complete amount is exempted under this section.
An assessee being a developer of SEZ is eligible for deduction under the section for income earned from any business of developing an SEZ [Special Economic Zone, notified on or after the 1st day of April 2005 under the Special Economic Zones Act, 2005]
After entering the relevant details, then the total gross entered and the total qualifying amount will be displayed. This will be considered for IT computation.
![](https://i0.wp.com/saral.pro/wp-content/uploads/2024/04/4.Chapter-VI-A-deductions-in-ITR-3-80IAB-1.png?fit=629%2C224&ssl=1)
Note: The provisions of this section are not applicable to an assessee, being a developer, where the development of Special Economic Zone begins on or after the 1st day of April 2017.
For-profits and gains arising out of industrial undertakings except for those undertakings which deal with infrastructure development a hundred per cent deduction of the profits and gains amount can be claimed in computing the total income of the assessee under 80-IB for ten consecutive assessment years.
![](https://i0.wp.com/saral.pro/wp-content/uploads/2024/04/5.Chapter-VI-A-deductions-in-ITR-3-80IB-1.png?fit=915%2C464&ssl=1)
You can select the required category and make the entries, then save. The same is shown in the software.
![](https://i0.wp.com/saral.pro/wp-content/uploads/2024/04/6.Chapter-VI-A-deductions-in-ITR-3-Enteries-1.png?fit=630%2C326&ssl=1)
Note: The complete amount is exempted under this section.
80-IBA provides tax to builders promoting housing schemes. The assessee in such scheme is eligible for 100% tax deduction of profits and gains of such business from the gross total income.
After entering the relevant details, save the details and it will be considered for IT computation.