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Direct Taxation Services – Neeraj Bhagat & Co.

Strategic Direct Tax Advisory & Compliance

Direct taxation in India has evolved significantly, with increased digitisation, stricter reporting, data-driven assessments, and continuous amendments to tax laws. In few years , individuals and businesses must not only comply with tax provisions but also adopt proactive tax planning to avoid disputes, penalties, and cash flow inefficiencies.

Neeraj Bhagat & Co. provides comprehensive Direct Taxation services covering advisory, compliance, tax planning, litigation support, and representation — helping clients remain compliant while optimising their tax positions lawfully.

What is Direct Taxation?

Direct taxes are taxes levied directly on income, profits, and wealth of individuals, companies, firms, trusts, and other entities. These taxes are paid directly to the government by the taxpayer and cannot be shifted to another person.

Major direct taxes include:

  • Income Tax
  • Corporate Tax
  • Capital Gains Tax
  • Tax on business and professional income
  • International taxation and withholding taxes
Our Direct Taxation Services

1. Income Tax Advisory & Compliance

  • Filing of Income Tax Returns (ITR) for individuals, companies, LLPs, firms, trusts, and NGOs
  • Computation of taxable income under applicable provisions
  • Advisory on selection between old and new tax regimes
  • Advance tax planning and compliance

2. Corporate Tax Services

  • Corporate tax computation and return filing
  • Tax-efficient business structuring
  • MAT / AMT advisory
  • Review of tax positions and disclosures

3. Capital Gains Tax Planning

  • Advisory on short-term and long-term capital gains
  • Structuring of sale of shares, securities, real estate, and business assets
  • Tax optimisation for investments and exits
  • Support on revised capital gains tax framework applicable

4. Tax Planning & Wealth Structuring

  • Year-round tax planning for individuals and promoters
  • Optimisation of salary, investments, and business income
  • Succession and family wealth planning
  • Trust and HUF taxation advisory

5. International Taxation & Withholding Taxes

  • Advisory on cross-border transactions
  • DTAA interpretation and tax treaty benefits
  • Withholding tax (TDS) on foreign payments
  • FEMA and transfer pricing coordination support

6. Tax Assessments, Notices & Litigation Support

  • Handling scrutiny assessments and reassessments
  • Responses to Income Tax notices and communications
  • Representation before tax authorities
  • Appeals, rectification, and dispute resolution support

Learn More About Our Services

Key Direct Tax Updates & Focus Areas

Neeraj Bhagat & Co. actively incorporates the latest tax developments, including:

New Tax Regime as Default

  • The new tax regime continues as the default option for individuals
  • Advisory provided to evaluate the most beneficial regime based on income profile

Capital Gains Tax Rationalization

  • Revised holding periods and tax rates applicable to equity, debt instruments, and immovable property
  • Enhanced reporting requirements for capital asset transactions

Higher Data Matching & Compliance

  • AIS (Annual Information Statement) and TIS monitoring
  • Increased scrutiny on high-value transactions, investments, and foreign income
  • Mandatory reconciliation with financial disclosures

Stricter TDS & Reporting Provisions

  • Wider TDS applicability across transactions
  • Enhanced compliance checks on deductions, deposits, and filings

Digitisation & Faceless Proceedings

  • Continued faceless assessments and appeals
  • Technology-driven scrutiny and faster communication with tax authorities

Why Choose Neeraj Bhagat & Co.?

✔ Over 26 years of tax advisory experience
✔ Strong expertise in Indian and cross-border taxation
✔ Proactive planning approach — not just return filing
✔ Practical solutions aligned with business and personal goals
✔ End-to-end support from compliance to litigation
✔ Trusted advisors to promoters, SMEs, corporates, and NRIs

We believe that taxation is not just about compliance — it is a strategic financial tool.

Frequently Asked Questions (FAQs)

1. What is direct tax?

Direct tax is a tax paid directly by a taxpayer to the government on income, profits, or gains, such as income tax and corporate tax.

2. What are the major direct taxes in India?

Income tax, corporate tax, capital gains tax, and tax on business or professional income are the main direct taxes.

3. Is the new tax regime mandatory?

The new tax regime is the default option, but eligible taxpayers can still opt for the old regime after evaluating tax benefits.

4. How can tax planning help reduce tax liability?

Proper tax planning helps optimise deductions, exemptions, investment structures, and timing of income and expenses — all within legal limits.

5. What happens if I ignore an income tax notice?

Ignoring notices can lead to penalties, interest, reassessment, and legal proceedings. Timely professional response is critical.

6. Do you handle income tax scrutiny and appeals?

Yes. Neeraj Bhagat & Co. provides complete support for assessments, replies, rectifications, and appeals before tax authorities.

7. Is capital gains tax different from past few years?

Yes. Capital gains taxation has undergone rationalisation, and advisory is required to correctly determine rates and exemptions.

8. Can you assist NRIs and foreign companies?

Absolutely. We provide specialised direct tax and international taxation support for NRIs, foreign investors, and global businesses.

Your Trusted Direct Tax Partner

Neeraj Bhagat & Co. ensures that your direct tax matters are handled with clarity, compliance, and confidence — allowing you to focus on growth while we manage your tax responsibilities.

Smart tax planning today prevents costly disputes tomorrow

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