DIRECT TAXATION |
| Income tax Act, 1961 governs the matters related to Income Tax in India and requires compliances from the assesses. We offer a complete range of Income Tax services and in particular include:
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| Tax Registrations |
- Permanent Account Number (PAN), Tax Account Number (TAN)
- Registration u/s 12A, 80G, 35AC (Trust, Societies, Sec 8 Companies)
- Need to be very specific and structures in recently implemented centralized system of registration at Income Tax Authority
- Pre-planning & evaluation, Structured documentation & well defining the charitable activities
- Applying at appropriate authorities and obtaining the registration from Tax Authorities.
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| Personnel Tax (Resident Individuals & Expatriates) |
- Creating an optimum Tax Structure for employees (resident/expatriates) keeping a balance of cost to company, helps the business in many way.
- We structure remuneration, guide on appropriate documentation and administrative control measures.
- Based on the organizational need, we also prepare employee policies, employment contracts, Terms & Conditions, advise on tax matters during hiring phase as well.
- Income Tax annual return filing for all Individual, HNI, NRIs etc
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| Withholding Tax/Tax Deducted at Source (TDS) |
- Review the records and suggest on appropriate tax deduction/withholding
- Assist in deposition of tax deducted/withheld at Source
- Guidance & support in case of Tax Withholding from Overseas Payments
- Preparing & filing of recurring return of TDS/Tax Withheld
- Replying general queries from Income Tax Department on case to case basis
- Generating form 16/16A from the Income tax portal
- Customised reporting on TDS/Tax Withholding, if needed
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| Lower Rate of TDS/Tax Withholding |
Businesses not having appropriate profit in beginning may be eligible to get Lower Tax Deduction Certificate from Income Tax Department. Its an important tool to improve cash flows and better tax planning. We assist in the complete process:
- Preparing a business case for Lower deduction of TDS/Tax Withholding u/s 197 of IT Act
- Prepare & filing of application with appropriate jurisdiction of Income Tax
- Follow it up and obtain the Lower Tax Deduction certificate on time
- TDS related to property and u/s195 of the income tax
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| Tax Declarations & Returns |
- Prepare & file annual Tax Returns for Companies (Private Limited, Limited), Limited Liability Partnerships, One Person Companies, Charitable Institutions, Partnership Firm and Individuals (Resident, Non-Resident, Expatriates)
- Advise on keeping appropriate records & documentation for any future reference by Income Tax Authorities/internal reference of client
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| Permanent Establishment (PE)/Deemed PE |
- PE exposures in India are quite vital for foreign entities and need to be evaluated in order to avoid tax hassels at a later stage. We do evaluate the PE exposure and advise the clients
- Work in building business models which address the PE issue well in advance and keep the business hassels free
- Provide compliance services in case of established PE or cases of Deemed PE
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| Tax Planning/Risk Management |
- Carry out diagnostic services to check the tax health of your businesses
- Prepare status report with suggestions on actions to be taken
- Assistance for Calculation of advance tax.
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| International Taxation |
- Suggest on appropriate tax structure for the business in India. Cross Boarder Tax advisory.
- Identifying and assessing tax risks, designing controls, and monitoring and evaluating them. We provide advisory, compliance and litigation support for domestic and international tax matters.
- Conducting Transfer Pricing Studies on which future transaction (inter compnay/related party) can be structured. Certification/Transfer Pricing Reporting on due dates
- Advice on Double Tax Avoidance Agreement (DTAA) with respective country. Issuance of Form 15CA/CB for foreign remittances
- Assisting in getting Tax Residency Certificates (TRC) for Indian entities.
- Supporting Overseas Entity in understanding Tax Exposures in business transactions & documentations
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| Representation in Tax Scrutiny/Appeals |
- Representing clients before Tax & regulatory authorities (Domestic & International Divisions).
- Systematically advise & preparation of required documentation and reply against any notices from Income Tax Authorities
- We strive to take care of the scrutiny cases and resolve the same at a earliest stage to save time & money of the client.
- Appeal at higher Tax Authorities
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