Practical compliance guides

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 · 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

TDS & Compliance Returns · 8 min read

Form 141 Unified TDS Challan: How It Replaces Forms 26QB, 26QC, 26QD and 26QE

Starting Tax Year 2026-27, property buyers no longer file Form 26QB, tenants no longer file Form 26QC, individuals paying contractors no lon...

CACA Sundaram Gupta · Apr 6

TDS & Compliance Returns · 8 min read

Form 121 Replaces 15G and 15H from April 2026: Complete Guide

If you have ever submitted Form 15G or Form 15H to your bank to avoid TDS on fixed deposit interest, here is the most important change you n...

CACA Sundaram Gupta · 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

TDS & Compliance Returns · 11 min read

TCS Rate Changes from April 2026: Overseas Travel, LRS Education and Liquor

Booking a foreign holiday used to mean an immediate 20% TCS hit on anything above Rs 10 lakh. Sending money abroad for your child’s universi...

CACA Sundaram Gupta · 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

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