Practical compliance guides

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

Income Tax · 16 min read

Defective Return Rules 2026: When Your ITR Gets Rejected Under Rule 166

You filed your income tax return on time. You received the acknowledgment. You moved on with your life. Then, weeks later, you receive an em...

CACA Sundaram Gupta · Mar 9

Income Tax · 10 min read

Cost Inflation Index Under New Income Tax Rules 2026: How It Works

If you have ever sold a property, gold, or any long-term investment, you have encountered the Cost Inflation Index (CII) — the silent number...

CACA Sundaram Gupta · Mar 9

Income Tax · 12 min read

Capital Gains Rules 2026: Holding Period, FMV Calculation & New Provisions

The capital gains tax framework in India has undergone more changes in the last two years than in the preceding decade. From the removal of...

CACA Sundaram Gupta · Mar 9

Income Tax · 12 min read

Registration Rules for Charitable Trusts & NGOs Under New IT Rules 2026: Complete Guide

Charitable trusts, religious institutions, educational bodies, and NGOs have long enjoyed income tax exemptions in India. Under the old Inco...

CACA Sundaram Gupta · Mar 9

Income Tax · 13 min read

Appeal to CIT(A) and ITAT Under New Rules 2026: Forms & Procedures

If you have received an adverse assessment order or a penalty notice from the Income Tax Department, your first instinct is to file an appea...

CACA Sundaram Gupta · Mar 9

Income Tax · 12 min read

Books of Account Rules 2026: Who Must Maintain & What Records Under Rule 46

If you are running a business or practising a profession in India, you may already know that keeping proper financial records is not optiona...

CACA Sundaram Gupta · Mar 9

Income Tax · 12 min read

Capital Gains Rules 2026: Holding Period, FMV Calculation & New Provisions

The capital gains tax framework in India has undergone more changes in the last two years than in the preceding decade. From the removal of...

CACA Sundaram Gupta · Mar 6

Income Tax · 13 min read

E-Filing Mandate 2026: Who Must File Electronically Under New Income Tax Rules

Filing your electronically is no longer a convenience — it is a legal requirement for virtually every taxpayer in India. From salaried indiv...

CACA Sundaram Gupta · Mar 5