Practical compliance guides

Income Tax · 10 min read

Short-Term vs Long-Term Capital Loss Set-Off Rules AY 2026-27

For investors in equity, mutual funds, real estate, gold, and debt instruments, understanding the difference between short-term and long-ter...

CACA Sundaram Gupta · Apr 6

Income Tax · 10 min read

Intra-Head vs Inter-Head Set-Off of Losses: Section 70 and 71 Explained

The set-off of losses is a two-step process. Step one - intra-head set-off under Section 70 - adjusts losses within the same head of income....

CACA Sundaram Gupta · Apr 6

Income Tax · 9 min read

Set-Off and Carry Forward of Losses: Complete Guide AY 2026-27

Losses in income tax are not just a setback - they are a tax asset if managed correctly. The Income Tax Act allows you to "set off" losses a...

CACA Sundaram Gupta · Apr 6

Income Tax · 11 min 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...

CACA Sundaram Gupta · 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

Income Tax · 10 min 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...

CACA Sundaram Gupta · Apr 6

Income Tax · 10 min 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...

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 · 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 · 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 · 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