BIGYAN

Chartered Accountant

Understand GST, Income Tax & Business Compliance in Simple Language

Practical guides for entrepreneurs, freelancers, salaried professionals, and small businesses in India.

Start a Business in India (Step-by-Step Guide)

Turn your idea into a legally compliant business with clear, step-by-step guidance:

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Income Tax Filing in India – Simple Guide for Beginners

Understand how income tax works in real life — who needs to file, how returns are prepared, and what compliance actually means. Explained in a simple, structured way for different types of taxpayers.

For Salaried Individuals

Learn when you need to file, how salary income is taxed, and how deductions and exemptions apply.

For Self-Employed Professionals

Understand reporting of professional income, expenses, and compliance requirements for freelancers and consultants.

For Businesses

Get clarity on business income reporting, tax obligations, and annual filing requirements under Indian tax laws.

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filing

Hi, I’m CA Bigyan Kumar Mishra.

A member of the Institute of Chartered Accountants of India (ICAI).

I simplify Indian tax and company law to help individuals and businesses stay compliant and make informed decisions — without unnecessary complexity.
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Interest on Income Tax Refunds: Simple Explanation for Beginners (Section 437)

When you pay more tax than required, the Income Tax Department refunds the extra amount. But many people don’t realise one important thing — the government also pays interest on that tax refund. Section 437 explains when you will get interest, how it is calculated, and when it may not be allowed. Understanding this helps…

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Interest on Excess Income Tax Refund (Section 426) – Simple Explanation for Beginners

Sometimes, after you file your income tax return, the Income Tax Department may give you a refund. This usually happens when you have paid more tax than required. But what if later it turns out that this refund was higher than what you actually deserved? In such cases, the law says you must pay interest…

Continue Reading » Interest on Excess Income Tax Refund (Section 426) – Simple Explanation for Beginners

Interest for Deferment of Advance Tax (Section 425) – Simple Guide for Beginners

When you earn income in India, you are expected to pay tax during the year itself through something called advance tax. But many people either pay less or delay these payments. That is where interest for deferment of advance tax comes in. In simple words, if you don’t pay enough tax on time, the government…

Continue Reading » Interest for Deferment of Advance Tax (Section 425) – Simple Guide for Beginners

Income Tax Refund in India 2026: Meaning, Rules, Interest & Process Explained (Sections 431–436)

Many taxpayers in India end up paying more tax than required during the year. This can happen due to excess TDS, advance tax, or calculation errors. The good news is that the Income Tax Act allows you to claim back this extra amount. This is called an income tax refund. Many people receive income tax…

Continue Reading » Income Tax Refund in India 2026: Meaning, Rules, Interest & Process Explained (Sections 431–436)

GST Tax Invoice in India: Complete Beginner Guide to Format, Rules, Timing & Copies

If you are running a business or planning to start one, understanding a GST tax invoice is not optional—it is essential. Many beginners think it is just a bill, but in reality, it controls your tax calculation, compliance, and even your customer’s ability to claim tax credit. If your invoice is wrong or delayed, it…

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Books of Account in Income Tax Law: A Complete Beginner’s Guide to Section 62 & Rule 46

When you earn income from business or profession, the Income Tax law expects you to keep proper records. These records are called books of account. Section 62 of the Income Tax Act, 2025 and Rule 46 together explain: Who must maintain books What books should be maintained Where and how to maintain them How long…

Continue Reading » Books of Account in Income Tax Law: A Complete Beginner’s Guide to Section 62 & Rule 46