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BNKS & Associates

Chartered Accountants | Audit • Taxation • Advisory

Latest Articles

Tax PlanningMay 21, 20267 min read

Top 5 Tax Planning Strategies for FY 2026

BNKS & Associates shares expert strategies to reduce your tax liability legally — from maximising 80C deductions to choosing the right tax regime for FY 2026.

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Personal Finance · India TaxMay 20255 min read

New vs Old Tax Regime for FY 2025-26: Which One Saves You More?

A plain-language breakdown to help salaried Indians make the smarter choice — with real examples, updated slabs, and the Budget 2025 changes explained.

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Capital Gains · Property TaxMay 202510 min read

Capital Gains Tax on Property Sale: Complete Guide for FY 2025-26

Everything Indian property sellers need to know — LTCG at 12.5%, Section 54 exemptions, TDS under Section 194-IA, and the new grandfathering rules explained.

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Tax & ComplianceMay 20258 min read

What is TDS? A Complete Guide to TDS Deduction and Compliance in India

TDS rates, compliance steps, quarterly deadlines, penalties for non-compliance, and how to claim TDS credit in your ITR — everything deductors and deductees need to know.

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Tax NoticeMay 20258 min read

How to Respond to an Income Tax Scrutiny Notice

A step-by-step guide for Indian taxpayers on understanding Section 143(2), gathering documents, and submitting a complete reply on the e-filing portal — without panic.

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GST ComplianceMay 20259 min read

GST ITC Reconciliation: How to Match GSTR-2B and Avoid Notices

Practical guidance on matching your purchase register with GSTR-2B, classifying and resolving mismatches, and protecting your ITC claims from department scrutiny.

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GST e-InvoicingMay 20259 min read

E-Invoicing Under GST: Who Must Comply and How to Implement

The ₹5 crore threshold, the IRP flow, IRN generation, step-by-step implementation guide, and penalties for non-compliance — everything you need to go live correctly.

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GST AuditMay 20259 min read

Understanding GST Department Audits: What to Expect and How to Prepare

Types of GST audits, what triggers them, the five-phase audit process, dos and don'ts, and a pre-audit readiness checklist for Indian businesses.

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Internal AuditMay 202510 min read

10 Signs Your Business Needs an Internal Audit

From unexplained cash gaps to repeat statutory audit observations — ten clear signals that it is time to commission an internal audit, with risk ratings for each sign.

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Finance LeadershipMay 202510 min read

Virtual CFO vs Full-Time CFO: Which is Right for Your Business?

A detailed cost, capability, and use-case comparison to help Indian businesses decide between a Virtual CFO (₹30K–₹2L/month) and a full-time hire.

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IPO ReadinessMay 202512 min read

How to Prepare Your Company for an IPO: A 12-Month Checklist

Month-by-month milestones across four phases — from Ind AS restatement and board governance to DRHP filing, roadshows, and listing on BSE SME or NSE Emerge.

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FEMA & FDIMay 202511 min read

FEMA Compliance for Startups Receiving Foreign Investment

FC-GPR, FC-TRS, FLA returns, valuation rules, and the RBI FIRMS portal — a comprehensive compliance guide for every Indian startup raising foreign capital.

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Tax LitigationMay 202615 min read

Navigating Income Tax & GST Litigation in India

The six-rung income tax appellate ladder, the newly operationalised GSTAT, landmark Supreme Court rulings, and tactical considerations for taxpayers and practitioners.

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International TaxationMay 202612 min read

Global Accounting & International Taxation: Navigating the New World Order

IFRS vs US GAAP, transfer pricing, BEPS Pillars One and Two, the 15% Global Minimum Tax, and what finance leaders must do now to stay ahead.

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ADR · Dispute ResolutionMay 202610 min read

Arbitration & Mediation: Resolving Disputes Beyond the Courtroom

Commercial arbitration, domestic arbitration under the 1996 Act, India's Mediation Act 2023, clause drafting best practices, and enforcement of awards across borders.

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