Practical compliance guides

Income Tax · 9 min read

ESOP Tax Deferral for Startup Employees: How Section 80-IAC Certification Changes When You Pay Tax on Stock Options

You exercise 2,000 ESOPs at Rs 50 per share when the fair market value is Rs 500. The perquisite value is Rs 9 lakh - taxable as salary inco...

CACA Sundaram Gupta · Apr 8

Income Tax · 9 min read

Income Tax Act 1961 vs 2025: Key Changes That Affect Your ITR Filing

After 65 years, India has a new Income Tax Act. The Income Tax Act, 2025 replaces the Income Tax Act, 1961 from 1 April 2026. For taxpayers,...

CACA Sundaram Gupta · Apr 8

Income Tax · 12 min read

Section 332 Transition: How Existing 12A/12AB Entities Migrate to RNPO Under IT Act 2025

The Income Tax Act, 2025 came into force on 1 April 2026, replacing the Income Tax Act, 1961. For the approximately 3 lakh charitable trusts...

CACA Sundaram Gupta · Apr 8

Income Tax · 13 min read

80G Deduction for Donors: How to Claim, Documents Required and Limits Under IT Act 2025

You donated Rs 1 lakh to a children's education trust last year. You assumed you would get a Rs 1 lakh tax deduction. When your CA filed you...

CACA Sundaram Gupta · Apr 8

Income Tax · 7 min read

Income Tax Act 2025 Applicability: Which Financial Year Does It Apply From?

This is the single most asked question about the Income Tax Act 2025: which year does it apply from? The confusion is understandable - the A...

CACA Sundaram Gupta · Apr 8

Income Tax · 8 min read

Income Tax Rules 2026: How 511 Rules Became 333 and What Actually Changes

The Income Tax Act is the law. The Income Tax Rules are the operating manual. While the IT Act 2025 restructured the law itself, the Income...

CACA Sundaram Gupta · Apr 8

Income Tax · 9 min read

Tax Year Under Income Tax Act 2025: How FY and AY Are Finally Replaced

For 65 years, Indian taxpayers have dealt with one of the most confusing aspects of income tax law - the dual reference of Previous Year (wh...

CACA Sundaram Gupta · Apr 8

Income Tax · 9 min read

Faceless Income Tax Assessment Under IT Act 2025: What You Need to Know

Faceless assessment was India's boldest experiment in tax administration - removing the face-to-face interaction between the taxpayer and th...

CACA Poonam Kadge · Apr 8

Income Tax · 10 min read

Angel Tax Abolished: What Section 56(2)(viib) Was and What Startups Must Know in 2026

If you are raising capital for your startup in 2026, here is the single most important thing you need to know: angel tax no longer exists. S...

CACA Sundaram Gupta · Apr 8

Income Tax · 12 min read

Startup India Tax Holiday: Section 80-IAC - 3-Year Income Tax Exemption Explained

Your startup just turned profitable. Before you plan that team offsite or investment in R&D, consider this: if you have DPIIT recognitio...

CACA Sundaram Gupta · Apr 8

Income Tax · 12 min read

Received ESOPs from a Startup? Here’s Exactly When and How Much Tax You’ll Pay

You joined a startup. Your offer letter mentions 10,000 stock options at an exercise price of Rs 10 per share. Two years later, the company’...

CACA Sundaram Gupta · Apr 8

Income Tax · 9 min read

Section 80-IAC Tax Holiday for Startups: How to Claim 100% Income Tax Exemption for 3 Years and the IMB Approval Process

Your startup has turned profitable. Revenue is growing, costs are under control, and the bottom line is finally positive. But now the tax bi...

CACA Sundaram Gupta · Apr 8