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Core Purpose

Corrigendum to notification G.S.R. 290(E) dated 06th May, 2025 concerning Income-Tax.

Detailed Summary

This corrigendum, issued by the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) vide G.S.R. 356(E) on 30th May, 2025, amends the notification G.S.R. 290(E), dated 06th May, 2025. The amendments include substituting the brackets, figure and letters "(4ca –biva)” with "(4a-biva)” in row item "B4ca" of Schedule CG at page number 154 of the previous notification. Further, at page number 169, in Schedule 80IE, a new row item "ah” is inserted after row item “ag”. Accordingly, the entire Schedule 80IE is substituted with a new table detailing deductions under section 80-IE for undertakings located in the North-East, specifically listing row items for Assam, Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Nagaland, Tripura, and Sikkim, with references to "Undertaking no. 1" and "Undertaking no. 2" and "(30 of Form 10CCB of the undertaking)". The total deduction for these undertakings is denoted as "ai", which constitutes the total deduction under section 80-IE.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30052025-263482 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 313] NEW DELHI, FRIDAY, MAY 30, 2025/JYAISTHA 9, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 30th May, 2025 INCOME-TAX G.S.R. 356(E).— In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 290(E), dated 06th May, 2025:— (i) at page number 154, in Schedule CG, in row item "B4ca", the brackets, figure and letters "(4ca –biva)” shall be substituted by the brackets, figure and letters "(4a-biva)". (ii) at page number 169, in Schedule 80IE, after row item “ag”, a new row item "ah” shall be inserted and accordingly, for the Schedule 80IE, the following schedule shall be substituted, namely:— +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | Schedule 80-IE | Deductions under section 80-IE | | | | | +================+=========================================================+===========================+====================================+=====================================================+=================+ | a | Deduction in respect of undertaking located in North-East | | | | ai | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | aa Assam | aal | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | aa2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | ab Arunachal Pradesh | ab1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | ab2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | ac Manipur | acl | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | ac2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | ad Mizoram | ad1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | ad2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | ae Meghalaya | ael | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | ae2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | af Nagaland | afl | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | af2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | ag Tripura | ag1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | ag2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | | ah Sikkim | ah1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) | | | | | ah2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) | | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | ai | Total deduction for undertakings located in North-east (total of aal to ah2) | | | | ai | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ | b | Total deduction under section 80-IE: | (ai) | | | b | +----------------+---------------------------------------------------------+---------------------------+------------------------------------+-----------------------------------------------------+-----------------+ [Notification No. 53/2025/F. No. 370142/16/2025-TPL] SURBENDU THAKUR, Under Secy.

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