Form 26 explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
The second half of the Schedules of Form 26 expands rows 36 to 53 of Part D: Schedule - Losses, Depreciation, and Deductions; Schedule - International Taxation; Schedule - Other Key Parameters; Schedule - TDS/TCS; Schedule - GST; and Schedule - Quantitative Details. This article describes them as printed, as per the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026. Later notifications should be checked.
Form 26 is prescribed by rule 47 for the particulars under section 63. These six Schedules are completed only where a Part D row says "refer Schedule". The depreciation tables run in 21 and 18 lines, the TDS/TCS Schedule has disallowance lines at 30% and at hundred per cent of the amount, and the quantitative Schedules track opening stock, purchases, consumption or manufacture, sales, closing stock and shortage or excess.
The form, the rule and the section
Rule 47 puts the particulars under section 63 in Parts C and D of Form 26 (rule 47 on the audit report in Form 26); section 63 is explained in section 63 on tax audit limits and the specified date. The rows that point here are in Part D, heads E to K. The first five Schedules are in the first half. If you need these Schedules built from ledgers, our books of accounts compliance team can prepare them.
Schedule - Losses, Depreciation, and Deductions
Row 36: depreciation allowable as per the Act
Two tables, each headed "Other than assets on which full capital expenditure is allowable as deduction under any other section". Both use the same lines.
| Table | Block of assets and rate (%) as printed |
|---|---|
| Plant and machinery | One block, plant and machinery, in four columns (i) to (iv) with rates 15, 30, 40 and 45 |
| Other assets | Seven columns (i) to (vii) with rates Nil, 5, 10, 40, 10, 25 and 20; the block heads printed above them are land, building (not including land), furniture and fittings, intangible assets and ships. Five heads sit over seven columns and the print does not make clear how the three building columns map, so no rate is paired with a head here |
The lines of the plant and machinery table are:
| Line | Particular |
|---|---|
| 3 to 6 | Written down value on the first day; additions for 180 days or more; consideration out of 3 or 4; amount on which depreciation at full rate is allowed (3 + 4 - 5, enter 0 if negative) |
| 7 to 9 | Additions for less than 180 days; consideration out of 7; amount on which depreciation at half rate is allowed (7 - 8, enter 0 if negative) |
| 10 to 15 | Depreciation at full rate on 6 and at half rate on 9; additional depreciation, if any, on 4 and on 7; additional depreciation for the preceding tax year on an asset put to use for less than 180 days; total (10 + 11 + 12 + 13 + 14) |
| 16 to 18 | Depreciation disallowed under section 33(3)(b); net aggregate depreciation (15 - 16); proportionate amount on succession, amalgamation, demerger etc. |
| 19 to 21 | Expenditure on transfer; capital gains or loss under section 74 (5 + 8 - 3 - 4 - 7 - 19); written down value on the last day (6 + 9 - 15, enter 0 if negative) |
The other-assets table has the same sequence without the additional-depreciation lines, so it runs to 18 lines, ending with capital gains or loss at line 17 and closing written down value at line 18 (6 + 9 - 12).
Rows 37 to 39
| Row | Table |
|---|---|
| 37(a) Brought forward loss and depreciation allowance | Tax year, nature of loss or allowance, amount as returned, amounts not allowed under section 200, 202, 203 or 204, amount adjusted by withdrawal of additional depreciation on opting for section 202, amount as assessed (attach copy of the order), remarks. A footnote: if the assessed figure is less and no appeal is pending, take the assessed figure |
| 38 Deductions under Chapter VIII | Section under which the deduction is admissible, amount admissible |
| 39 MAT/AMT credit | Tax year, gross credit, set-off in earlier years, balance brought forward, credit utilised in the tax year, balance carried forward, remarks. A footnote says the gross credit is the lower of the credit as per Form 66 or 67 and the assessed credit, if no appeal is pending |
Forms 66 and 67 are described in our article on Forms 66 and 67.
Schedule - International Taxation
| Row | Table |
|---|---|
| 40 Primary adjustment | Clause under which the adjustment was made, amount, whether excess money must be repatriated as per section 170(2), whether repatriated within the prescribed time, imputed interest income if not, expected date of repatriation |
| 41(a) Expenditure exceeding threshold | Interest or similar expenditure; earnings before interest, tax, depreciation and amortization (EBITDA); the amount of interest or similar expenditure that exceeds 30% of EBITDA |
| 41(b) and (c) | Interest expenditure brought forward, and carried forward: tax year and amount |
| 43 Remittances reported in Part D of Form 145 | Nature of remittance, number of transactions, total amount, amount not chargeable to tax, amount chargeable |
Schedule - Other Key Parameters
| Row | Table |
|---|---|
| 44 Amounts not includible under section 92(2)(m) | Type of asset, details, name and PAN of transferor or payer, relationship, nature of transaction, consideration paid, amount not includible, reason |
| 45(a) to (d) Loans, deposits and specified sums; receipts and payments; repayments (sections 185, 186 and 188) | Name, PAN and Aadhaar of the other party, nature, amount, date, and the code of the nature of transaction (Note 8); row 45(a) also asks whether accepted through the specified modes, whether squared up during the year and the maximum outstanding |
| 46 SFT reporting requirements | Reporting entity identification number, type of form (98, 165, 166 or 167), due date, whether furnished as on the date of audit, date of furnishing, total transactions reported, total not reported, total amount not reported |
| 47 Unquoted shares | Type (acquisition or transfer), company and its PAN, date, number and face value of shares, book value and fair market value per share, total cost or consideration, amount chargeable under section 92(2)(m), deemed full value of consideration under section 79, amount chargeable as capital gains |
| 48 Loan or advance as per section 2(40)(e) | Recipient, PAN, date and amount |
Schedule - TDS/TCS
| Row | Table |
|---|---|
| 50(a) Transactions on which TDS/TCS is required | TAN, section, nature of payment or receipt, total amount, amount on which tax was required to be deducted or collected, amount deducted or collected at the Chapter XIX-B rate and at a lower rate, the tax in each case, and tax deducted or collected but not deposited to the credit of the Central Government |
| 50(b) Statement of tax deducted or collected | TAN, type of form, due date, date of furnishing, total transactions reported, total not reported, amount of transactions not reported (latest after any correction statement) |
| 50(c) Interest payable | TAN, interest payable under section 398(3)(a), amount paid, date of payment |
| 51(a) Disallowance under section 35(b)(i) | Nature of violation (non-deduction, short deduction or non-payment of tax deducted by the due date in section 263(1)), nature of expenditure, payee, PAN, amount, disallowable amount (30% of the amount in column F), total |
| 51(b) | Amounts disallowed under section 35(b)(i) earlier and allowable in the tax year: nature, preceding tax year, amount disallowed then, amount allowable now, total |
| 51(c) | As 51(a) under section 35(b)(ii), with the disallowable amount at hundred per cent of the amount in column F |
| 51(d) | As 51(b) under section 35(b)(ii) |
See section 35 and section 398 for the provisions the rows cite.
Schedule - GST and Schedule - Quantitative Details
| Row | Table |
|---|---|
| 52(a) | Type and registration or identification number |
| 52(b) | Expenditure relating to entities registered under GST, not registered under GST, and relating to goods or services exempt from GST, with amount |
| 53(a) Trading unit | Description of traded good, unit name, then quantity and value for opening stock, purchases, sales, closing stock and shortage or excess |
| 53(b)(i) Manufacturing unit, raw materials | Description, unit, opening stock, purchases, consumption, sales, closing stock (quantity and value each), yield of finished products, percentage of yield, shortage or excess |
| 53(b)(ii) Manufacturing unit, finished products, by-products and scrap | Description, unit, opening stock, purchases, quantity manufactured, sales, closing stock, shortage or excess |
Example. Ridgeway Components Private Limited (invented) manufactures parts and deducts tax at source. It completes the plant and machinery depreciation table, the TDS/TCS Schedule with its TAN and statements, and Schedule - Quantitative Details for raw materials and finished products.
Need help with these Schedules?
The depreciation, TDS and stock tables need figures drawn from asset registers, TDS returns and inventory records, and they must tie to Part D. Our books of accounts compliance team can help prepare and reconcile them.
Key takeaways
- The Schedules are completed only where Part D says "refer Schedule".
- Depreciation tables show full-rate and half-rate computation with 180-day additions, and a closing written down value.
- The MAT/AMT credit table refers to Form 66 or 67.
- Interest expenditure is tested against 30% of EBITDA in Schedule - International Taxation.
- TDS/TCS disallowances are computed at 30% of the amount (section 35(b)(i)) and hundred per cent (section 35(b)(ii)) as printed.
- Schedule - Quantitative Details covers trading units and manufacturing units.
Read next
- Form 26, Parts A, B and C
- Form 26, Part D heads E to K
- Form 26 Schedules: first half
- Forms 66 and 67: book profit and alternate minimum tax reports
Disclaimer: Based on the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026, as consulted on 2 October 2026. It explains the words of the rules and forms only; later notifications, the forms and utilities on the e-filing portal, circulars and the way the tax authorities apply these provisions should be checked. This article is general information, not legal advice; check the official text before acting.