Schedule V - Pension funds and specified investments
Reviewed by CA Nikhil Gupta · Last reviewed 19 July 2026
Notification, investment threshold and reporting conditions.
Primary authority: Official Income-tax Act, 2025 repository · Income-tax Rules, 2026
Currentness control: The official Schedule, notes, tables, amendments and relevant tax year control.
Schedule in 2 minutes
What it controls
Notification, investment threshold and reporting conditions.
Rule and Form interface
Rules 282-283; Forms 174-177
Finin2min implementation framework
Trigger and scope
Notification, investment threshold and reporting conditions.
Evidence and control
Preserve eligibility evidence, computation sheets, audit or accountant reports, approvals, statements and filing acknowledgements.
Consequence
Failure of a Schedule condition may change taxable income, exemption, deduction, rate, carry-forward, reporting or approval status.
Transaction application
Identify the actor, event date, governing tax year or reporting period, authority, document version and every cumulative condition. Record why each limb is satisfied, disputed or not applicable.
Authority, consent and execution
Confirm legal capacity, authorised signatory, digital-signature requirements, professional certification and portal credentials before filing or relying on the document.
Evidence and retention checklist
Retain source data, approvals, computations, correspondence, filing acknowledgement, payment record, amended filing history and the version of the governing instrument used.
Limitation, forum and remedies
Do not assume a general limitation period. Check the specific Act, Rule, notification, portal window, condonation power, appeal route and judicial treatment applicable to the event date.
Cross-law overlays
Check the Income-tax Act, 2025, Rules, Forms, tax treaty, FEMA, Companies Act, Ind AS and audit requirements as relevant.
Decision flow
Primary sources & verification — Period and evidence gate
Reviewed: 22 August 2026.
Identify the exact assessment year/tax year before applying this page. AY 2026-27 (income of FY 2025-26) remains governed by the Income-tax Act, 1961; Tax Year 2026-27 onward is governed by the Income-tax Act, 2025 and the Income-tax Rules, 2026. Do not mix section numbers, forms or due-date rules across the transition.
Practical verification checklist
- Record the governing period and Act.
- Retain computation, payment/filing acknowledgement and supporting evidence.
- Re-check later notifications, forms and portal implementation before action.
Primary-source checkpoint
- Income Tax Department — Income Tax Act 2025 transition/returns guidance
- Income-tax Rules, 2026 — notified PDF
Use the controlling statute, notified rule/instrument, official portal and later authoritative treatment for the relevant date. This page remains an educational/professional reference.