Taxation & Regulatory Compliance
Taxation & Regulatory Compliance
Structured for Efficiency. Protected from Risk.
India’s tax and regulatory landscape is complex, frequently amended, and actively enforced. Non-compliance — even inadvertent — exposes directors and businesses to penalties, interest, and prosecution. SIRI Law LLP advises on tax structuring, GST compliance, FEMA, SEBI obligations, and emerging advisory on AI-generated income, cryptocurrency, and digital assets.
Overview
Proactive Compliance Is Always Cheaper Than Reactive Defence
Every business decision has a tax dimension. Transactions that are commercially sensible can be structured in ways that reduce tax exposure — or structured carelessly in ways that create it.
Our regulatory compliance practice covers SEBI-regulated entities, RBI-licensed businesses, and sector-specific regulation across fintech, healthcare, and manufacturing.
Digital & AI Tax Advisory
Tax Questions in the Digital Economy
How is income from AI-generated services taxed? What are the transfer pricing implications of cross-border AI model use within a corporate group? How is GST applied to SaaS and AI-as-a-service offerings?
These questions affect a broad range of businesses — and require tax advice that is current with both law and revenue authority guidance.
Services Offered
What We Handle
- Income tax advisory — corporate and individual
- GST compliance, audit, and dispute resolution
- Tax structuring for transactions — M&A, JVs, real estate
- Transfer pricing advisory and documentation
- FEMA compliance — FDI, ECB, ODI, NRI remittances
- SEBI compliance — disclosure, insider trading, licensing
- RBI regulatory compliance — NBFC, payment systems, forex
- Statutory compliance calendar management
- Government notice response and investigation defence
- Representation before ITAT, CESTAT, High Court
- Cryptocurrency and digital asset tax advisory
- Tax treatment of AI-generated income and cross-border AI services
- Tax-efficient corporate restructuring
- Director and officer liability advisory
Client Benefits
Why Clients Choose SIRI Law LLP
Pre-Transaction Tax Advisory
We advise before deals are structured — not after. Early tax planning prevents expensive post-transaction surprises.
Regulatory Investigation Experience
Our team has represented clients before SEBI, RBI, IT Department, and GST authorities.
Cross-Border Expertise
FEMA, treaty relief, and transfer pricing expertise for businesses with international operations or investors.
Digital Economy Specialists
Ahead-of-curve advisory on cryptocurrency, digital services tax, and AI-related income.
Representative Matters
Typical Engagements
All matters described generically to protect client confidentiality.
GST Dispute Resolution
Represented a manufacturing company in a GST dispute involving classification of composite supply — secured a favourable ruling, avoiding a ₹1.2 crore demand.
FEMA Compliance – Inbound FDI
Advised a technology company on a Series B funding round involving foreign investors — ensuring FEMA filings, valuation compliance, and RBI reporting within prescribed timelines.
Tax Structuring – Property Transaction
Advised a developer on tax-efficient structure for a large land acquisition — reducing stamp duty and capital gains exposure through lawful structuring.
Cryptocurrency Tax Advisory
Advised a high-net-worth individual on the tax treatment of cryptocurrency gains under India’s 30% VDA regime — including cost basis documentation and TDS compliance.
What to Expect
Client Outcomes
Defensible Compliance Position
Our work produces documented, auditable records — so when regulators enquire, clients have evidence of diligence, not just assertions.
Reduced Tax Exposure Through Structure
Clients receive transaction structures that achieve commercial goals while minimising lawful tax exposure — consistently and systematically.
Effective Regulatory Response
When notices arrive, our experience with each relevant authority means responses are calibrated correctly — neither over-conceding nor antagonising.
Frequently Asked Questions
What are the penalties for GST non-compliance?
GST penalties range from 10% of the tax due (for genuine errors) to 100% of the tax due (for fraud, suppression, or wilful misstatement). Interest at 18% per annum applies on unpaid tax. Directors can face personal prosecution in serious cases.
How is income from selling cryptocurrency taxed in India?
Virtual Digital Assets (VDAs) are taxed at a flat 30% under Section 115BBH, with no deduction for expenses other than cost of acquisition. Losses from VDAs cannot be offset against other income or carried forward. TDS at 1% applies on transactions above specified thresholds.
What triggers an income tax scrutiny assessment?
Scrutiny is typically triggered by high-value transactions flagged in the Annual Information Statement (AIS), income inconsistent with assets, mismatches between TDS returns and income tax returns, or foreign remittances. We advise clients on maintaining documentation that resolves scrutiny without adversarial proceedings.
Manage Tax Risk — Before the Notice Arrives
Our compliance work protects you before problems arise. Our dispute expertise resolves them when they do.
Also see: Corporate & Commercial Law · Regulatory Compliance