The Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), has issued a corrigendum to Notification No. 50/2025-Income Tax, dated 29th May 2025. This corrigendum amends the previously published notification G.S.R. 279(E) dated 30th April 2025. Specifically, it updates Schedule 80-IE related to income tax deductions under Section 80-IE, which pertains to undertakings located in the North-Eastern region of India. A new entry “ah” has been added to include the state of Sikkim in the deduction schedule. Consequently, Schedule 80-IE has been revised to incorporate undertakings from Sikkim alongside those from Assam, Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Nagaland, and Tripura. For each of these states, the revised schedule lists two undertakings (no. 1 and no. 2) for which deductions are allowed under Section 80-IE, as referenced in item 30 of Form 10CCB for each undertaking. A new row “ai” has been added to capture the total deductions for all undertakings in the North-East region (aa1 to ah2), and row “b” reflects the total deduction under Section 80-IE based on this sum. This update ensures that eligible undertakings in Sikkim can also claim tax deductions under this provision.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
CORRIGENDUM
Notification No. 50/2025-Income Tax | Dated: 29th May, 2025
G.S.R. 352(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. 279(E), dated 30th April, 2025: ––
(i) at page number 125, 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 | ||||||||
| DEDUCTION U/S 80-IE | a | Deduction in respect of undertaking located in North-East | ||||||
| aa | Assam | aa1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| aa2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ab | Arunachal Pradesh | ab1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| ab2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ac | Manipur | ac1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| ac2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ad | Mizoram | ad1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| ad2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ae | Meghalaya | ae1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| ae2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| af | Nagaland | af1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| af2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ag | Tripura | ag1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| ag2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ah | Sikkim | ah1 | Undertaking no. 1 | (30 of Form 10CCB of the undertaking) |
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| ah2 | Undertaking no. 2 | (30 of Form 10CCB of the undertaking) |
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| ai | Total deduction for undertakings located in North-east (total of aa1 to ah2) | ai | ||||||
| b | Total deduction under section 80-IE: (ai) | b | ||||||
[Notification No.50/2025/F. No. 370142/14/2025-TPL]
SURBENDU THAKUR, Under Secy.
