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11 mins read

Clubbing of HUF Income: Rules When Assets Are Transferred to the Family

A Hindu Undivided Family (HUF) is a separate taxable entity under Indian income tax law - with its own PAN, its own basic exemption limit, a...

CA Sundaram Gupta

Apr 6, 2026

9 mins 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...

CA Sundaram Gupta

Apr 6, 2026

9 mins 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...

CA Sundaram Gupta

Apr 6, 2026

10 mins read

Clubbing of Income Rules Under New Tax Regime vs Old Tax Regime AY 2026-27

Most taxpayers compare the old and new tax regimes based on their own salary and deductions. But they forget to factor in clubbed income - s...

CA Sundaram Gupta

Apr 6, 2026

10 mins read

How to Legally Avoid Clubbing of Income: 7 Tax Planning Strategies

Clubbing of income under Section 64 can significantly increase your tax liability by adding your family members' income to your own. But the...

CA Sundaram Gupta

Apr 6, 2026

5 mins 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...

CA Sundaram Gupta

Apr 6, 2026

8 mins 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...

CA Sundaram Gupta

Apr 6, 2026

10 mins 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...

CA Sundaram Gupta

Apr 6, 2026

9 mins 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...

CA Sundaram Gupta

Apr 6, 2026

10 mins read

Can You Carry Forward Losses If You File ITR Late? Section 80 Explained

Filing your ITR even one day after the due date can cost you lakhs of rupees in lost carry-forward benefits. Under Section 80 of the Income...

CA Sundaram Gupta

Apr 6, 2026

9 mins read

Speculative Business Losses (Section 73): Rules, Limits and Carry Forward

Speculative business losses are the most restricted loss type in the Indian tax framework - more restricted than capital losses, house prope...

CA Sundaram Gupta

Apr 6, 2026

10 mins 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...

CA Sundaram Gupta

Apr 6, 2026

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