Taxation & Regulations

Direct & Indirect Tax Advisory and Compliance

Tax laws in India are detailed, dynamic and closely connected with business decisions, financial reporting and regulatory compliance. At RGMG & Co., Chartered Accountants, our taxation practice focuses on assisting businesses, firms, professionals and individuals in understanding their tax obligations and maintaining compliance under applicable laws.

Our approach is based on practical interpretation, documentation, timely compliance and representation before tax authorities, wherever required.

Our Approach

We assist clients with tax matters through a structured and compliance-focused process:

• Understanding the nature of transaction or business activity
• Reviewing applicable tax provisions
• Assisting in documentation and computation
• Supporting return filing and statutory compliance
• Preparing responses, submissions and reconciliations
• Assisting in assessments, notices and proceedings, where applicable

Our focus is to provide clear, practical and legally supportable tax assistance.

Direct Tax Services

Our direct tax practice covers assistance under the Income-tax Act, including compliance, advisory and representation-related matters.

Key areas include:

• Income tax return filing for individuals, firms, companies and other entities
• Advance tax and self-assessment tax computation
• TDS and TCS compliance support
• Tax computation and review of taxable income
• Assistance in income tax notices and assessment proceedings
• Preparation of submissions and supporting documents
• Tax audit support under applicable provisions
• Review of Form 26AS, AIS and TIS reconciliations
• Capital gains computation and related advisory
• Tax planning within the framework of applicable law
• Assistance in rectification, refund follow-up and compliance responses

Indirect Tax Services

Our indirect tax services focus primarily on GST compliance, advisory and related support.

Key areas include:

• GST registration assistance
• GST return filing support
• GST liability computation and review
• Input tax credit review and reconciliation
• E-way bill and e-invoicing compliance support
• GST notice response and departmental communication assistance
• GST audit and annual return support, where applicable
• Reconciliation of books with GST returns
• Review of outward and inward supply treatment
• Advisory on classification, place of supply, time of supply and valuation matters
• Assistance in refund-related documentation and filings

Tax Compliance Support for Businesses

We assist businesses in maintaining tax compliance through periodic review and documentation support.

This may include:

• Monthly or quarterly tax compliance review
• Reconciliation of tax records with books of accounts
• Review of TDS, GST and income tax compliance status
• Assistance in preparing data for statutory filings
• Coordination with accounts teams for tax-related documentation
• Identification of pending compliances and reporting gaps

Tax Notices, Assessments and Representation Support

Tax notices and assessment proceedings require careful review of facts, records and applicable provisions. We assist in preparing structured responses and supporting documents for submission before relevant authorities.

Areas covered:

• Review of notice and issue involved
• Preparation of factual background and reply
• Compilation of supporting documents
• Assistance in assessment and reassessment proceedings
• Assistance in appeal-related documentation, where applicable
• Support in rectification and demand-related matters

Tax Planning and Transaction Support

We assist in reviewing tax implications of business transactions within the framework of applicable laws.

Areas may include:

• Business restructuring tax implications
• Capital gains and investment-related tax matters
• Salary and employee tax structuring support
• Tax implications of property transactions
• Tax review for business agreements and transactions
• Advisory for startups, MSMEs and growing businesses
• NRI and cross-border transaction tax support, where applicable

Who We Assist

Our taxation services may be relevant for:

• Companies
• Partnership firms and LLPs
• Proprietors
• Professionals and consultants
• Startups and MSMEs
• Traders and service providers
• Salaried individuals with complex tax matters
• NRIs and individuals having cross-border tax considerations

Why Tax Compliance Matters

Timely and accurate tax compliance helps in reducing procedural difficulties, maintaining proper records and supporting business continuity. A structured tax approach also helps management take informed decisions based on reliable financial and compliance information.