B.M. Dayashankar – Your Trusted GST and Tax Practitioner

At B.M. Dayashankar & Associates, we believe in professionalism, ethics, and client-centric solutions. With over a decade of expertise in Accounts, Taxation, GST, Income Tax, and Business Compliance, we are committed to providing accurate, transparent, and efficient financial services that help businesses and individuals thrive.

Our approach is built on integrity and trust, ensuring that every client receives personalized attention and strategic solutions tailored to their specific financial and business needs. From startups to established enterprises, we assist in navigating complex tax regulations with ease, ensuring full compliance while optimizing tax benefits.

📌 Our Core Values & Approach:

✅ Ethical & Transparent Practices – We adhere to the highest standards of integrity and confidentiality.

✅ Client-Centric Approach – Understanding your business needs and offering tailor-made solutions.

✅ Proactive Compliance Management – Ensuring timely tax filings and avoiding penalties.

✅ Strategic Tax Planning – Maximizing tax benefits while remaining fully compliant.

✅ Hassle-Free Legal & Regulatory Solutions – Handling everything from tax filings to corporate registrations with ease.


🌟 Our Expertise & Services

📌 GST & Indirect Taxation Services:

✔ GST Registration, Modifications & Compliance
✔ GST Return Filing (GSTR-1, GSTR-3B, GSTR-9, etc.)
✔ GST Audits & Annual Reconciliations
✔ GST Refund Processing & Advisory
✔ Handling GST Notices & Litigation Representation
✔ E-Way Bill & E-Invoicing Compliance

📌 Income Tax & Direct Taxation Services:

✔ Income Tax Return (ITR) Filing for Individuals & Businesses
✔ Income Tax Audits & Compliance Reviews
✔ TDS (Tax Deducted at Source) Compliance & Filings
✔ Advance Tax & Tax Saving Advisory
✔ Handling IT Notices, Appeals & Assessments
✔ Strategic Tax Planning for Individuals & Corporates

📌 Business & Corporate Compliance Services:

✔ Partnership Deed Drafting & Registration
✔ LLP & Private Limited Company Incorporation
✔ Trust, Society & NGO Registrations
✔ ROC (Registrar of Companies) Filings & Compliance
✔ Bookkeeping, Accounting & Financial Statement Preparation

📌 Expert Advisory & Consultation:

✔ Business Tax Structuring & Compliance Advisory
✔ Representation before Tax Authorities & Tribunals
✔ Investment & Financial Planning Strategies

📍 Why Choose Us?
🔹 Trusted by Businesses & Professionals Across Sectors
🔹 10+ Years of Taxation & Compliance Expertise
🔹 Accurate, Timely & Ethical Financial Solutions
🔹 Dedicated Team of Experienced Professionals
🔹 Seamless Handling of Tax Filings & Legal Compliances


We understand that taxation and compliance can be complex and overwhelming, but with the right expertise, it becomes simple and stress-free. Our goal is not just to maintain compliance but to empower businesses with the right financial insights and strategies.


📍 Office Address: Srivari Business Enclave, Ravindranagar, 2nd Cross, 2nd Main, Shivamogga
📞 Contact: 8970887907
📧 Email: dayagappu@gmail.com


🔹 Let’s simplify taxation and compliance together! 🔹

Latest Updates:

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, introduces significant tax reforms aimed at bolstering the middle class and stimulating economic growth. Here are the key tax highlights:

1. Personal Income Tax Reforms:

  • Increased Tax Exemption Limit: Individuals with an annual income up to ₹12 lakh will now pay zero income tax under the new tax regime. This move is designed to enhance disposable income and boost household consumption.

  • Revised Tax Slabs: The new tax structure has been adjusted to benefit those earning up to ₹24 lakh. For instance, income between ₹4 lakh to ₹8 lakh is taxed at 5%, ₹8 lakh to ₹12 lakh at 10%, ₹12 lakh to ₹16 lakh at 15%, ₹16 lakh to ₹20 lakh at 20%, ₹20 lakh to ₹24 lakh at 25%, and income above ₹24 lakh at 30%.

  • Standard Deduction Increase: The standard deduction for salaried individuals has been raised from ₹50,000 to ₹75,000, further reducing taxable income.

2. Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) Adjustments:

  • Higher TDS Limits: The TDS limit on interest income for senior citizens has been doubled from ₹50,000 to ₹1 lakh. Additionally, the annual TDS threshold on rental income has increased from ₹2.4 lakh to ₹6 lakh.

    TCS on Foreign Remittances: The threshold for TCS under the Liberalized Remittance Scheme has been raised to ₹10 lakh from the previous ₹7 lakh, aiming to reduce the tax burden on frequent international transactions.

3. Corporate and Business Taxation:

  • Presumptive Taxation for Non-Resident Service Providers: A new presumptive tax regime has been introduced for non-resident service providers in the electronics manufacturing sector, simplifying tax compliance and encouraging foreign participation.

  • Incentives for Startups and MSMEs: The budget proposes various incentives and funds to support startups and small firms, fostering innovation and entrepreneurship.


  • Here are the visual representations of the key highlights from the Budget 2025:

    1. Income Tax Slabs - A bar chart displaying the new tax structure for different income brackets.
    2. TDS and TCS Limit Changes - A bar chart comparing the old and new thresholds for tax deducted and collected at source.
    3. Key Budget Allocations - A pie chart showing major budget allocations for R&D, farm loans, and research fellowships.
    Updated as on 04.02.2025
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