Practical compliance guides

Income Tax · 9 min read

Business Loss Carry Forward Rules Under Section 72: 8-Year Window Explained

Business losses are inevitable - especially for startups, F&O traders, freelancers, and small businesses navigating economic cycles. Sec...

CACA Sundaram Gupta · Apr 6

Income Tax · 10 min read

Unabsorbed Depreciation: Can It Be Carried Forward Indefinitely?

Unabsorbed depreciation is the most powerful carry-forward provision in the entire Income Tax Act. Unlike business losses (8 years), capital...

CACA Sundaram Gupta · Apr 6

Income Tax · 8 min read

Set-Off of Losses Under New Income Tax Act 2025: Section Mapping and Changes

The Income Tax Act, 2025 came into effect on 1 April 2026, replacing the 1961 Act. For the set-off and carry forward of losses, the old Chap...

CACA Sundaram Gupta · Apr 6

Income Tax · 5 min read

How to Carry Forward Losses from Old IT Act 1961 into New IT Act 2025

The Income Tax Act, 2025 took effect on 1 April 2026, replacing the 60-year-old Income Tax Act, 1961. For taxpayers with brought-forward los...

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 · 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 · 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 · 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 · 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 · 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 · 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