Practical compliance guides

Income Tax · 13 min read

Section 35AD: 100% Deduction on Capital Expenditure for Specified Businesses - Complete Guide for FY 2026-27

You are setting up a cold chain facility, a 150-bed hospital, or a warehousing complex for agricultural produce. The capital expenditure run...

CACA Sundaram Gupta · Mar 23

Income Tax · 10 min read

Seafarer Tax Rules 2026: Period of Stay Computation for Ship Crew Under Rule 8 and Section 6(6)

For India’s estimated 240,000+ active seafarers and merchant navy professionals, one question dominates tax planning every year: how many da...

CACA Sundaram Gupta · Mar 23

Income Tax · 12 min read

Scientific Research Expenditure Deduction Rules 2026: Complete Guide to Rules 29-30 Under Section 45

If your company invests in research and development, the deductions available under the Income Tax Act can significantly reduce your tax lia...

CACA Sundaram Gupta · Mar 23

Income Tax · 11 min read

Safe Harbour Rules 2026: Eligible Transactions & Prescribed Margins Under the New Income Tax Act

If your company provides IT services, operates data centres, manufactures auto components, or advances intra-group loans to associated enter...

CACA Sundaram Gupta · Mar 23

Income Tax · 9 min read

Zero Coupon Bond Notification Rules 2026: Guidelines, Application & Tax Treatment Under Rule 7

Zero coupon bonds (ZCBs) are a cornerstone instrument for long-term infrastructure financing in India. Unlike regular bonds that pay periodi...

CACA Sundaram Gupta · Mar 23

Income Tax · 10 min read

Updated Return (ITR-U) Rules 2026: Who Can File, Additional Tax & Complete Procedure Under Section 263(6)

Every taxpayer makes mistakes-a missed rental income, an unreported capital gain, a forgotten bank interest, or simply not filing a return a...

CACA Sundaram Gupta · Mar 23

Income Tax · 12 min read

Transfer Pricing Rules 2026: Arm’s Length Price Methods & Documentation Under the New Income Tax Act

If your business transacts with associated enterprises-whether cross-border or within India-transfer pricing compliance is not optional. Wit...

CACA Sundaram Gupta · Mar 23

Income Tax · 12 min read

Tax Audit Report Under New Rules 2026: Forms & Requirements (Rule 47)

If your business or professional practice crosses prescribed turnover thresholds, getting a tax audit done by a Chartered Accountant is not...

CACA Sundaram Gupta · Mar 23

Income Tax · 12 min read

Draft Income Tax Rules 2026: Complete Summary & Key Changes Explained

India’s income tax framework is undergoing its most significant overhaul in over six decades. The Central Board of Direct Taxes (CBDT) relea...

CACA Sundaram Gupta · Mar 23

Income Tax · 12 min read

Advance Pricing Agreement (APA) Rules 2026: Application Process & Timeline Under the New Income Tax Act

If your company transacts with associated enterprises across borders, Advance Pricing Agreements offer the most effective way to eliminate t...

CACA Sundaram Gupta · Mar 23

Income Tax · 13 min read

Additional Depreciation Under Section 32(1)(iia): Who Can Claim, Rates & Rules for FY 2026–27

Your manufacturing company just invested Rs 2 crore in a new CNC machine. Besides the regular 15% WDV depreciation, you can claim an additio...

CACA Sundaram Gupta · Mar 23

Income Tax · 13 min read

Depreciation Rules 2026: Rates, Block of Assets & Appendix I/II Explained

Depreciation is one of the most significant non-cash deductions available to businesses and professionals in India. It reduces taxable profi...

CACA Sundaram Gupta · Mar 9