"I am Bijoy Das, a commerce postgraduate from Kolkata with a strong academic foundation in finance and accounting. I hold a B.Com (Honours) from Heramba Chandra College and an M.Com (Finance) from Calcutta University (Main Campus). Currently, I am pursuing the CA Intermediate level under the ICAI, deepening my understanding of taxation, auditing, and financial management. I am passionate about the ever-evolving world of taxation and finance, and I believe that platforms like TaxGuru play a vital role in keeping professionals and students updated with practical, real-world knowledge. I joined TaxGuru to both upgrade my own knowledge and contribute meaningfully to a community of learners and practitioners."
Explains how the 2026 amendment expands refund eligibility to input services and capital goods, correcting earlier restrictions that caused major cash flow issues.
Emergency customs relaxations introduced during the maritime crisis expire on 30 April 2026, leaving exporters uncertain. The framework provided procedural relief but failed to address key issues like GST refunds, incentives, and FEMA compliance. Businesses must prepare for stricter rules post-sunset.
The case examines whether stranded compensation cess credit due to GST reform must be refunded or lapsed, impacting working capital across industries.
This compares opposing judicial views on GST notifications extending time limits. The key takeaway is that validity depends on force majeure and GST Council approval.
This explains how courts have imposed strict safeguards on ITC blocking under Rule 86A. The key takeaway is that due process is now mandatory before blocking credit.
Learn why bank loans are rejected due to poor documentation, weak financials, and unclear business models. Discover practical solutions to improve approval chances.
This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification impacts deductions, tax rates, and compliance risks.
The 30% Disallowance Trap in Section 35(b) of the Income Tax Act, 2025: When a Wrong TDS Payment Code Under Section 393 Triggers Full Business Expenditure Disallowance — The Code 1026 vs. Code 1027 Paradox The Income Tax Act, 2025, effective from 1st April 2026, consolidates all non-salary TDS obligations into a single Section 393, […]
