Taxation - Somu & Associates

Service

Taxation

Direct and indirect tax, handled end to end - planning, compliance, and representation when it matters most.

We manage direct and indirect tax matters in full - from planning and routine compliance to assessments, appeals, and cross-border taxation. Whether it's a return that needs to be filed correctly or a case that needs representation before tax authorities, our team handles it with the rigour these matters demand.

Now In Effect

Transition to the Income-tax Act, 2025

The Income-tax Act, 2025 came into force on 1 April 2026, replacing the Income-tax Act, 1961 in its entirety. The "Previous Year"/"Assessment Year" system has been replaced by a single Tax Year concept, the Act has been reorganised into 536 sections (down from 819), and familiar provisions have been renumbered - for example, Section 80C is now Section 123, Section 80CCD is now Section 124, and Section 80D is now Section 126. New simplified forms have also been notified, including Form No. 48 (replacing Form 3CEB) and Form 130 (replacing Form 16). We've updated our advisory and compliance processes to align with the new Act, so your filings and planning stay accurate under the new framework. For a fuller walkthrough, see our Income Tax Act 2025 - Overview article.

Direct Taxation

Income tax obligations, met efficiently - covering planning, compliance, assessments, and litigation support.

Transfer Pricing Advisory

Compliance support for related-party and cross-border intercompany transactions, ensuring pricing meets arm's-length standards under Sections 161-173 of the Income-tax Act, 2025 (the provisions governing international and specified domestic transactions, replacing the erstwhile Sections 92-92F of the 1961 Act).

Form No. 48 & TP documentation (Section 172, replacing the earlier Form 3CEB filed under Section 92E) for intercompany transactions such as management fees, cost allocations, and intercompany services between an Indian subsidiary and its foreign parent
Documentation & record-keeping under Section 171 (replacing Section 92D)
Benchmarking & arm's-length pricing support

Most relevant for Indian subsidiaries of foreign parent companies - see Business Setup & Startup Advisory for foreign subsidiary formation.

Transition Advisory: Income-tax Act, 2025

Dedicated support moving your tax position from the 1961 Act to the new framework - mapping old provisions to their new section numbers, updating TDS and compliance systems to the revised forms and reporting codes, and reviewing how the Tax Year concept applies to your filings going forward.

Section & form mapping - identifying how your existing deductions, exemptions, and compliance obligations translate under the new numbering
TDS & payroll system alignment - updated section references and reporting codes for payments made on or after 1 April 2026
Transitional matters - guidance on pending assessments, appeals, and proceedings that continue under the 1961 Act despite the new law coming into force

Tax Advisory & Compliance

Practical guidance on Indian tax law, with planning shaped around your specific position and goals - backed by accurate, on-time return filing and ongoing compliance support, so deadlines never become a problem.

Trust Registration

Support obtaining charitable trust registration, donation exemption approval, and other registrations, handled correctly from the start.

NRI & International Taxation Advisory

Advisory on tax implications for non-resident Indians and compliance support for income earned in India, alongside guidance on withholding tax, double taxation treaties, and cross-border tax compliance - including treaty positions and permanent establishment (PE) risk assessment for foreign parent companies with an Indian subsidiary.

For FEMA and RBI reporting on the underlying foreign investment, see Corporate Laws & Compliance.

Assessment & Appellate Support

Guidance through income tax assessments to keep the process smooth and disputes to a minimum, backed by representation before appellate authorities in tax litigation, advocating for your position at every stage.

Indirect Taxation

GST compliance, simplified - from registration through to representation in disputes.

Business Modelling & GST Structuring

Structuring guidance to optimise outcomes under GST law, built into how transactions are designed.

GST Registration, Compliance & Return Filing

End-to-end support obtaining GST registration, done right the first time - followed by timely, accurate GST returns and ongoing compliance management, month after month, along with help navigating the paperwork and procedure that GST compliance demands.

Refund Assistance

Support claiming GST refunds, including documentation and procedural compliance.

Assessment & Audit Assistance

Support during GST assessments and audits initiated by tax officials, managed start to finish.

Representation & Litigation Support

Representation before tax authorities in GST disputes, with full support through litigation.

Knowledge Centre