Practical compliance guides

Income Tax · 12 min read

MAT Reduced to 14% from April 2026: What Companies Need to Know

For over two decades, MAT credit was a core tax planning tool for Indian companies. You paid the higher MAT today, carried forward the credi...

CACA Sundaram Gupta · 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 · 11 min read

STT Hike 2026: How New Securities Transaction Tax Rates Hit F&O Traders

On 01 February 2026, Finance Minister Nirmala Sitharaman announced the sharpest increase in Securities Transaction Tax on derivatives in two...

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

Income Tax · 10 min read

Transfer Pricing Safe Harbour 2026: 15.5% Margin for IT and ITES Companies Explained

For over a decade, India’s transfer pricing safe harbour rules were a good idea with poor execution. Margins of 20-22% in 2013 were so far a...

CACA Sundaram Gupta · Apr 6

Income Tax · 10 min read

Armed Forces Pension Tax Exemption Narrowed: Only Disability Discharge Cases Qualify

The Income Tax Act, 2025 - replacing the 1961 Act from 01 April 2026 - brought a century-old exemption to the edge of expiry. The disability...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Income Tax Rules 2026: How 510 Rules Became 333 and What Changes

If you have been filing income tax returns using familiar forms like Form 16, Form 26AS, or Form 15G, those form numbers are now history. Th...

CACA Sundaram Gupta · Apr 6

Income Tax · 13 min read

Income Tax Act 1961 vs 2025: Key Changes That Affect Your ITR Filing

If you filed your income tax return last year under the familiar Section 80C or Section 139 provisions, you might be wondering whether any o...

CACA Sundaram Gupta · Apr 6

Income Tax · 13 min read

New Tax Year Concept Under Income Tax Act 2025: FY and AY Replaced

Every taxpayer in India has encountered the confusing pair: "Previous Year" and "Assessment Year." You earn income in one year but file your...

CACA Sundaram Gupta · Apr 6

Income Tax · 13 min read

ITR-3 and ITR-4 Due Date Extended to August 31 AY 2026-27

If you are a freelancer, self-employed professional, or small business owner who files ITR-3 or ITR-4, you now have an extra month to file y...

CACA Sundaram Gupta · Apr 6

Income Tax · 12 min read

Income Tax Act 2025 Applicability: Which Financial Year Does It Apply From?

The Income Tax Act, 2025 came into force on 1 April 2026. But if you are a salaried individual preparing to file your return in July 2026, o...

CACA Sundaram Gupta · Apr 6

Income Tax · 13 min read

Faceless Income Tax Assessment Under Act 2025: What You Need to Know

If you have ever received a tax assessment notice, you know the anxiety it brings - the fear of having to visit a tax office, explain your r...

CACA Poonam Kadge · Apr 6