Practical compliance guides

Income Tax · 10 min read

House Property Loss Set-Off: Rs 2 Lakh Cap and Old vs New Regime

If you have a home loan, house property loss is probably your biggest tax-saving lever - or your biggest missed opportunity. Under the old r...

CACA Sundaram Gupta · Apr 6

Income Tax · 11 min read

F&O Loss Set-Off Against Salary: What the Tax Rules Actually Say

This is one of the most asked - and most misunderstood - questions in Indian tax for retail traders. "Can I set off my F&O loss against...

CACA Sundaram Gupta · Apr 6

Income Tax · 6 min read

New Income Tax Forms 2026: Full List - What Replaced What

From 1 April 2026, every income tax form number in India has changed. The Income Tax Rules, 2026 replace 399 forms with 190 - consolidating,...

CACA Poonam Kadge · Apr 6

Income Tax · 12 min read

Income Tax Old Regime More Attractive in 2026? How IT Rules 2026 Changed the Math

If you assumed the old income tax regime was fading away, the Income-tax Rules 2026 may change your mind. CBDT's notification - effective 01...

CACA Sundaram Gupta · Apr 6

Income Tax · 8 min read

Section 79: Carry Forward of Losses on Change of Shareholding in a Company

Section 79 is the Income Tax Act's anti-abuse provision designed to prevent profitable companies from acquiring loss-making entities purely...

CACA Sundaram Gupta · Apr 6

Income Tax · 6 min read

Income Tax Rules 1962 vs Rules 2026: Complete Section Mapping Guide

The Income Tax Rules, 2026 - notified by CBDT on 20 March 2026 and effective from 1 April 2026 - replace the 60-year-old Income Tax Rules, 1...

CACA Sundaram Gupta · Apr 6

Income Tax · 7 min read

HRA Exemption 2026: Bengaluru, Pune, Hyderabad and Ahmedabad Now Get 50% - What Changes

For over two decades, only four cities in India - Mumbai, Delhi, Kolkata, and Chennai - qualified for the 50% HRA exemption. Every other cit...

CACA Sundaram Gupta · Apr 6

Income Tax · 7 min read

ITR-2 Capital Loss Carry Forward Bug AY 2025-26: What to Watch Out For

Every filing season brings portal issues, but the AY 2025-26 ITR-2 utility had a particularly dangerous one: a bug that causes capital losse...

CACA Poonam Kadge · Apr 6

Income Tax · 11 min read

Dividend Interest Deduction Removed from April 2026: Impact on Leveraged Investors

If you borrowed money to invest in dividend-paying stocks or mutual funds, your tax calculation just got more expensive. The Finance Act 202...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Capital Asset Holding Period Rules 2026: Complete Table Under Rule 6

Getting the holding period right is the first step in capital gains tax calculation. Classify the asset wrong - short-term when it should be...

CACA Sundaram Gupta · Apr 6

Income Tax · 11 min read

Crypto and VDA Taxation Under Income Tax Act 2025: What the New Rules Say

The Income Tax Act, 2025 - effective from 01 April 2026 - carries forward India’s strict crypto taxation framework with important updates. T...

CACA Sundaram Gupta · Apr 6

Income Tax · 9 min read

Revised Return Deadline Extended to 12 Months: What This Means for ITR Filers

You filed your ITR on time, then discovered a missed deduction or an incorrect entry. Under the old rules, your window to fix this closed on...

CACA Sundaram Gupta · Apr 6