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Taxation Advisory

Our taxation advisory services offer strategic guidance on direct and indirect tax matters to help businesses stay compliant while optimizing tax efficiency. We assist with tax planning, filing of returns, GST compliance, TDS management, and representation before tax authorities. Our expert insights ensure timely adherence to evolving tax laws and help clients make informed financial decisions.

Income Tax Planning & Filing

Tax compliance is not just about filing returns—it's about strategic planning that ensures maximum savings while staying fully compliant with the law. AtRejith & Maju Chartered Accountants (RAMCA),we offer comprehensive income tax services for individuals, firms, and corporate entities,combining accurate filing with proactive tax optimization strategies.

Auditing & Assurance
Tax Planning & Advisory
We assess your income streams, business activities, and financial goals to craft a custom tax-saving strategy using:
  • Deductions under Sections 80C, 80D, 80G, etc.
  • Exemptions on capital gains, HRA, and more
  • Optimal structure of salary, investments, and business profits
  • Tax planning for professionals, freelancers, and HNIs
Income Tax Return (ITR) Filing
We ensure error-free and timely e-filing of the appropriate ITR form based on your income type:
ITR Form Applicable For
ITR-1 (Sahaj) Salaried individuals with income up to ₹50L
ITR-3 Business owners & professionals
ITR-4 (Sugam) Presumptive income taxpayers (Sec 44AD/ADA)
ITR-5/6/7 Firms, LLPs, Companies, Trusts
Tax Filing for Firms, LLPs, and Corporates
We handle:
  • Computation of taxable profits
  • Filing of Form ITR-5, ITR-6 with audit reports if applicable
  • MAT/AMT calculations and DDT provisions
  • Corporate advance tax and TDS compliance
Tax Audit & Compliance (Section 44AB)
If your business exceeds prescribed turnover limits, we conduct tax audits as per Section 44AB and file:
  • Form 3CA/3CB & 3CD
  • Compliance reporting and auditor's certification
  • Disclosure of related party transactions, depreciation, etc.
Handling TDS Returns & Form 26AS
  • Filing of TDS returns (24Q, 26Q, 27EQ) for employers, contractors, etc.
  • Reconciliation of Form 26AS and AIS data
  • Advisory on TDS applicability, exemptions, and refunds
Notice Handling & Assessment Support
We assist with:
  • Responding to income tax notices (u/s 139(9), 143(1), 148, etc.)
  • Representation before Assessing Officer (AO)
  • Rectifications, appeals, and revised returns
Why Strategic Tax Planning Matters
  • Reduces your tax burden legally
  • Ensures 100% compliance with changing tax laws
  • Prevents penalties, interest, and late fees
  • Enhances your financial planning and cash flow
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GST Compliance & Advisory

Goods & Services Tax (GST) is a dynamic indirect tax regime that requires accurate compliance and continuous monitoring. At Rejith & Maju Chartered Accountants (RAMCA) , we offer end-to-end GST services, from registration and return filing to reconciliation and strategic advisory—ensuring that your business remains fully compliant while maximizing Input Tax Credit (ITC)and avoiding penalties.

Auditing & Assurance
GST Registration
We assist with:
  • New GST registration for businesses, professionals, and e-commerce operators
  • Amendments to GST registration (address change, business details, etc.)
  • Cancellation or revocation of GST registration
GST Return Filing
Timely and accurate filing of:
GST Return Purpose
GSTR-1 Outward supplies (sales)
GSTR-3B Summary of sales, purchases & tax liability
GSTR-9 Annual return for regular taxpayers
GSTR-4 For composition scheme taxpayers
GSTR-7 / GSTR-8 TDS/TCS returns under GST

We handle monthly, quarterly, and annual filings, depending on your business size and type.

Input Tax Credit (ITC) Reconciliation
We help you:
  • Reconcile purchase register vs. GSTR-2B to claim eligible ITC
  • Avoid mismatch issues and ITC denial
  • Track blocked credits, reverse charge mechanisms, and ITC utilization efficiently
GST Audit & Annual Return Assistance
  • Review of books and GST ledgers
  • Preparation and filing of GSTR-9 and GSTR-9C (reconciliation statement)
  • Addressing discrepancies and notices during GST assessments
GST Advisory & Planning
We provide ongoing consulting on:
  • GST implications on business transactions and contracts
  • Place of supply, time of supply, HSN/SAC codes
  • Taxability of bundled services, inter-branch billing, etc.
  • Advising on composition scheme eligibility, rate applicability, and e-invoicing
Representation & Notices
We assist in responding to:
  • GST Show Cause Notices (SCNs)
  • Late fee waivers, rectification, and appeal filing
  • Queries during audits or investigations by GST officers
Why GST Compliance Matters
  • Prevents interest, late fees, and penalties
  • Ensures smooth Input Tax Credit (ITC) flow
  • Avoids GST registration cancellation or blocking of e-way bill generation
  • Improves transparency in your business and boosts investor/lender trust
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TDS Compliance

Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department to collect tax at the very source of income. Every business or individual making specified payments such as salary, interest, commission, rent, professional fees, etc., is required to deduct tax at source and deposit it with the government.
At Rejith & Maju Chartered Accountants (RAMCA), we offer end-to-endTDS Compliance Servicesensuring our clients stay compliant and penalty-free.

Auditing & Assurance
TDS Applicability & Rate Determination
  • Analysis of your transactions to determine whether TDS is applicable.
  • Application of correct TDS rates as per the Income Tax Act and relevant notifications.
Timely Computation & Deduction
  • Monthly review of payments and contracts
  • Accurate TDS calculation based on thresholds and nature of payments.
Challan Payment (Form 281) Filing
  • Preparation and timely deposit of TDS using Challan ITNS 281 Challan ITNS 281 on the NSDL portal.
  • Ensuring correct quoting of TAN, Section Code, Assessment Year, etc.
Quarterly TDS Return Filing
  • Preparation and filing of TDS returns (Form 24Q, 26Q, 27Q, 27EQ) on the TRACES Portal .
  • Generating and submitting Form 27A as required.
  • Corrections and revisions for previously filed returns if needed.
TDS Certificates (Form 16 & 16A)
  • Generation and issuance of TDS certificates to deductees from the TRACES portal.
  • Ensuring employees and vendors have all necessary proof of deduction.
Form 15G/15H & Lower Deduction Certificate Management
  • Reviewing and validating declarations submitted to avoid unnecessary deduction.
  • Assistance in obtaining Lower/Nil Deduction certificates from the Assessing Officer if applicable.
Compliance Tracking & Alerts
  • Automated reminders and tracking tools to avoid delays.
  • Audit of TDS ledgers and matching with 26AS and books of accounts.
Representation Before Authorities
  • Handling TDS notices and assessments.
  • Filing replies and attending hearings before the Income Tax Officer when required.
Why TDS Compliance Matters
  • Avoid Penalties: Late deduction, deposit, or filing attracts interest under Section 201(1A) and penalties under Sections 234E, 271H, etc.
  • Ensure Vendor Trust: Proper issuance of Form 16/16A boosts confidence and transparency.
  • Stay Audit-Ready: Non-compliance often results in scrutiny, disallowance of expenses, or tax demands.
Helpful Resources
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Representation in Tax Assessments & Appeals

Facing scrutiny or a tax dispute from the Income Tax Department can be complex and stressful. At Rejith & Maju Chartered Accountants (RAMCA), we provide comprehensive representation and supportto individuals, businesses, and entities during income tax assessments, appeals, and related proceedings. aligned with industry best practices.

Compliance Audits
Scrutiny & Regular Assessments (Section 143)
  • End-to-end support during Income Tax scrutiny assessments .
  • Preparing responses to notices under Sections 143(1), 143(2), 142(1), etc.
  • Drafting detailed explanations with supporting documentation and legal backing.
Drafting & Filing of Submissions
  • Well-structured replies to notices and questionnaires.
  • Preparation of written submissions that articulate your legal and financial position clearly and persuasively
Appeals Before CIT (Appeals)
  • Filing appeals against assessment orders under Section 246A.
  • Representing clients before the Commissioner of Income Tax (Appeals), including preparation of Form 35, grounds of appeal, and hearing assistance.
Appeals Before the ITAT (Income Tax Appellate Tribunal)
  • Legal representation and argument drafting for cases escalated to the ITAT.
  • Collaboration with tax lawyers and senior counsels for complex litigation.
Representation in TDS Defaults & 26AS Mismatches
  • Handling notices related to TDS mismatches, late deposit, or non-deduction.
  • Filing rectifications and revised statements as needed.
Penalty & Prosecution Matters
  • Defence against penalty proceedings under Sections 270A, 271(1)(c) and prosecution under Section 276C
  • Liaising with tax officers to seek relief, settlement, or withdrawal where applicable.
Faceless Assessment & Appeals Support
Why Professional Representation Matters
  • Legal Protection: Defend your rights and avoid adverse orders.
  • Minimize Liability: Prevent unnecessary additions, penalties, and interest.
  • Strategic Handling: Benefit from experienced handling of complex facts, law, and departmental procedures.
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Transfer Pricing Advisory

In an increasingly globalized economy, businesses that engage in cross-border or inter-company transactions must ensure that their pricing arrangements comply with Transfer Pricing (TP) regulations.At Rejith & Maju Chartered Accountants (RAMCA), we offer comprehensive Transfer Pricing Advisory Servicesto ensure your transactions meet arm’s length standards and align with both Indian and international tax laws. aligned with industry best practices.

Compliance Audits
What is Transfer Pricing?

Transfer Pricing refers to the pricing of goods, services, or intangible assetstransferred between associated enterprises (AEs), whether located domestically or internationally. As per Section 92 to 92F of the Income Tax Act, 1961,companies are required to maintain and justify their inter-company pricing to ensure it's not used to shift profits or evade taxes.

Transfer Pricing Policy Design & Planning
  • Structuring and reviewing pricing policies for inter-company transactions.
  • Aligning with OECD Guidelines and India’s TP Regulations to minimize tax risks.
Functional, Assets & Risk (FAR) Analysis
  • Detailed FAR analysis to understand the economic contribution of each related entity.
  • Identifying the appropriate pricing method (CUP, TNMM, RPM, etc.).
Benchmarking Study & Economic Analysis
  • Conducting industry-wide benchmarking to compare your pricing with that of comparable independent parties.
  • Use of reliable TP databases and global comparables.
Preparation of Transfer Pricing Documentation (TPD)
  • Local File and Master File preparation as per Indian rules.
  • Compliance with Rule 10D of the Income Tax Rules .
  • Assistance with Country-by-Country Reporting (CbCR) if applicable.
TP Compliance & Audit Support
  • Filing of Form 3CEB, certified by a Chartered Accountant.
  • Representation during Transfer Pricing audits and assessments.
  • Handling TP-related queries and notices from the tax authorities.
Advance Pricing Agreements (APA) & MAP
  • Advisory and filing support for Unilateral, Bilateral, and Multilateral APA to avoid future disputes.
  • Assistance with Mutual Agreement Procedures (MAP) under relevant tax treaties.
Why Transfer Pricing Advisory is Crucial
  • Avoid Heavy Penalties: Non-compliance may lead to adjustments and penalties under Section 271AA, 271BA, and 270A.
  • Reduce Tax Disputes: Proper documentation and planning reduce the risk of scrutiny and litigation.
  • Ensure Global Compliance: Aligns your company with OECD BEPS guidelines and Indian laws.
  • Improve Inter-Company Transparency: Enhances governance and transparency across global operations.
Key Resources & Guidelines
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Strategic Tax Planning

Tax planning is not just about saving taxes—it's about aligning your financial decisions with applicable laws to optimize your wealth, investments, and business outcomes. At Rejith & Maju Chartered Accountants (RAMCA), we provideStrategic Tax Planning Servicesfor both individuals and businesses, tailored to help you achieve long-term financial efficiency while ensuring full regulatory compliance.

Compliance Audits
Personalized Tax Strategy Development
  • Assessment of income sources, deductions, and exemptions.
  • Custom plans for salaried individuals, professionals, HNIs, and NRIs.
  • Maximizing benefits under Sections 80C, 80D, 24(b), 10(14), and more.
Business Tax Optimization
  • Structuring transactions and expenses to minimize tax liability.
  • Choosing the right business entity (e.g., LLP vs. Pvt Ltd) for tax efficiency.
  • Capitalizing on deductions, incentives, and rebates available under the Income Tax Act, 1961.
Capital Gains Tax Planning
  • Short-term and long-term capital gain strategies.
  • Exemption planning under Sections 54, 54EC, and 54F.
  • Advising on asset sale timing and reinvestment options.
Dividend & Remuneration Structuring
  • Tax-efficient structuring of director’s salary, bonus, dividends, and profit sharing.
  • Balancing personal and corporate tax exposure.
Tax Planning for Startups & MSMEs
  • Leveraging Section 80-IAC and startup tax holidays.
  • GST input credit optimization and presumptive taxation (Section 44AD/ADA).
Advance Tax & TDS Planning
  • Estimation and monitoring of advance tax payments (Section 208).
  • Guidance on TDS applicability to avoid defaults or excess deduction.
Tax Planning for Investments
  • Advising on tax-efficient investments like ELSS, NPS, PPF, ULIPs, etc.
  • Portfolio planning aligned with short-term and long-term tax goals.
Compliance & Regulatory Alignment
  • Ensuring that all tax planning strategies adhere to CBDT circulars, Income Tax Rules, and Finance Acts.
  • Audit trail, documentation, and support for assessments if required.
Benefits of Strategic Tax Planning
  • Lower Effective Tax Rate
  • Improved Cash Flow & Investment Potential
  • Compliance with Indian Tax Laws
  • Avoidance of Penalties and Notices
  • Peace of Mind and Financial Clarity
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UAE Corporate Tax Advisory

The United Arab Emirates (UAE) has introduced a federal corporate tax regime effective from1 June 2023,marking a significant shift in its taxation landscape. At Rejith & Maju Chartered Accountants (RAMCA), we provide expert UAE Corporate Tax Advisory Servicesto help businesses navigate this evolving tax framework, ensuring strategic alignment and full compliance with the Federal Tax Authority (FTA)regulations.

Compliance Audits
What is UAE Corporate Tax?

UAE Corporate Tax is a direct tax on the net income or profit of corporations and other businesses. The standard rate is 9% on taxable income exceeding AED 375,000,while income below this threshold is taxed at 0%. Free zone entities may benefit from preferential treatment if they meet certain conditions.

Corporate Tax Impact Assessment
  • Analyzing the applicability of UAE corporate tax to your business.
  • Identifying potential risks and opportunities for tax optimization.
  • Reviewing group structures and free zone entity status.
Registration & Compliance Support
  • Assisting with corporate tax registration on the EmaraTax portal .
  • Ensuring timely updates to business license details, legal structures, and accounting periods.
Corporate Tax Return Filing & Documentation
  • Preparing and filing corporate tax returns as per FTA regulations.
  • Assistance with maintaining necessary documentation for transfer pricing, related-party transactions, and tax records.
Business Structuring & Restructuring Advisory
  • Advising on legal and operational structures to optimize tax positions.
  • Group consolidation, holding company structuring, and inter-company arrangements
Free Zone Company Tax Planning
  • Evaluating whether your Free Zone Entity qualifies as a Qualifying Free Zone Person (QFZP).
  • Ensuring compliance with substance regulations and arm’s length pricing.
Transfer Pricing & Related Party Transactions
  • Preparing Transfer Pricing documentation in line with OECD and UAE standards.
  • Functional, Assets, and Risks (FAR) analysis and benchmarking studies.
Training & Advisory for Finance Teams
  • Capacity building for internal teams to understand and manage UAE corporate tax obligations.
  • Updates on FTA guidance, clarifications, and industry-specific practices.
Key Corporate Tax Rules (UAE)
  • 0% tax for taxable income up to AED 375,000
  • 9% tax on income exceeding AED 375,000
  • Exemptions for extractive businesses and certain public benefit entities
  • Mandatory registration for all businesses, regardless of taxability
  • Arm’s length and transfer pricing rules apply to related-party transactions
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