Practical compliance guides

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

Income Tax · 10 min 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...

CACA Sundaram Gupta · Apr 6

Income Tax · 9 min 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...

CACA Sundaram Gupta · Apr 6

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 · 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