S.57(iv) under New Tax Regime (115BAC(1A)) for MACT interest – AY 2025-26

Facts:

• Individual, AY 2025-26.

• MACT interest (u/s 56(2)(viii)) received: ₹12,98,921; TDS u/s 194A: ₹2,59,784.

• Filing ITR-2. Software shows Schedule OS → Part II → 3(a)i (“other s.57 deductions”).
  Questions:

1. Under 115BAC(1A), is s.57(iv) (50% deduction on interest on compensation) admissible? If yes, please share official authority (Finance Act/Memorandum, CBDT ITR-2 instructions or schema rule, circular/notification).