Practical compliance guides

Income Tax · 14 min read

Leave Encashment in India: Tax Treatment, Calculation and Employer Obligations

An employee who worked for 20 years at a private company retired with 300 days of unused earned leave and a last drawn basic + DA of Rs 60,0...

CACA Sundaram Gupta · Apr 7

Income Tax · 11 min read

Section 139(8A) ITR-U Guide: How to File Updated Income Tax Return

Missed your ITR filing deadline? Discovered unreported income after filing? The Income Tax Act provides a last-resort mechanism to correct y...

CACA Poonam Kadge · Apr 6

Income Tax · 12 min read

How Income Tax Faceless Appeals Work Under Act 2025: Complete Guide

If you disagree with an income tax assessment order, a penalty order, or an intimation under Section 143(1), your first recourse is an appea...

CACA Puja Pradhan · Apr 6

Income Tax · 12 min read

Revocable Transfer and Income Tax: What Section 61 Says

A transfer of assets that you can take back is treated as no transfer at all for income tax purposes. Under Section 61 of the Income Tax Act...

CACA Sundaram Gupta · Apr 6

Income Tax · 11 min read

Clubbing of Income vs Transfer of Income: Key Difference Explained

Sections 60 to 64 of the Income Tax Act are often discussed together under the umbrella of "clubbing of income." But they are not the same t...

CACA Sundaram Gupta · Apr 6

Income Tax · 13 min read

Minor Child Income Clubbing Rules: How Parents Are Taxed on a Child's Earnings

With the rise of child actors, young YouTubers, social media influencers, and school-level quiz competition winners, more minor children in...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Clubbing of Income with Spouse Under Section 64: When It Applies and When It Does Not

Transferring money or assets to your spouse to save tax is one of the oldest tax planning strategies in India - and one of the most misunder...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Income Tax Mismatch in AIS: How to Correct Errors Before Filing ITR

The Income Tax Department now tracks virtually every financial transaction linked to your PAN through the Annual Information Statement (AIS)...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Clubbing of Income Under Income Tax Act 2025: Complete Guide

Clubbing of income is one of the most misunderstood provisions of Indian income tax law. If you transfer assets or income to your spouse, mi...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Belated ITR Filing Penalty Under Section 234F: Dates and Amounts

Missing your income tax return filing deadline is one of the most common compliance failures in India - and one of the most expensive. Under...

CACA Poonam Kadge · Apr 6

Income Tax · 9 min read

How to Report Clubbed Income in ITR: Which Schedule and Which Form

Knowing when to club income is only half the battle. The other half is knowing how to report it correctly in your Income Tax Return. Many ta...

CACA Sundaram Gupta · Apr 6

Income Tax · 9 min read

New IT Act 2025 Changes to Clubbing Provisions: What Section 96-100 Say

The Income Tax Act, 2025 came into effect on 1 April 2026, replacing the 60-year-old Income Tax Act, 1961. The new Act reorganises, simplifi...

CACA Sundaram Gupta · Apr 6