Taxation – Service
In a global environment, tax for organizations has become a more complex issue with tax incentives, globalization, and the upcoming tax code, rules, and regulation. We advise corporate to cross the hurdles of domestic and international tax operations, indirect taxation, compliance, reporting, and dispute resolution services for direct and indirect taxes. We are the one-stop-shop for all tax-related matters.
Domestic Direct Taxes
We gather as a team and share the latest developments in tax policies and judicial pronouncements so that threats and opportunities can be identified and we can provide dynamic tax solutions for individuals as well as for the corporate. We strive to get ourselves updated for innovative tax-related solutions.
Business Taxes:
Dynamic business decisions need to be supported by the right tax advice. Rapid globalization has led to intense competition. Corporate entities have realized that innovative tax strategies and proper planning can reduce the tax.
As businesses have gone global, corporates have the opportunity to plan the tax in both areas, international and domestic, so there is a lot of potential for saving taxes by proper planning and thereby discharging more benefits to the stakeholders.
Personal Taxes:
With a dedicated resources team, we help individual clients who require tax compliance, tax planning, and tax advice relating to their business interests, investments, and other financial-related assets. Our talented people and in-depth knowledge help you to handle your taxation-related requirements.
Compliance Services:
- Getting various Tax Registrations with Income Tax Department like PAN, TAN, etc
- Preparation and Filing of Tax Returns (Including Tax Returns of Individual Employees, Trust, etc.), Wealth Tax Returns, and TDS returns
- Obtaining various exemptions registrations like 12AA, 80G, etc.
- Obtaining NIL/ Lower Withholding Tax Certificates (including for Non – Residents)
- Advising on various withholding tax provisions and opinions thereon
Advisory Services
- Transaction and Group Structuring concerning Tax Perspective
- Selection of Appropriate Form of an entity to carry on business activities
- Guidance and advice on Optimum usage of Tax Incentives in business activities
- Selection of appropriate mechanism for Repatriation of Profits
- Guidance and advice on various critical issues arising from Tax Amendments and Legal Decisions
Indirect Tax:
The existing tax regime requires corporate to embark on a careful analysis of the various indirect taxes applicable for almost every transaction. It becomes very necessary to look at a transaction from all the possible angles to determine the possible indirect taxes applicably and also to maintain documents to support such transaction. At present, the Indirect tax regime in India is a labyrinth of various laws and regulations, including State-specific laws. Our indirect tax professionals with their wide-ranging experience and in-depth knowledge help clients in effective planning, which in turn helps in cost minimization.
Our Indirect tax practice provides services relating to GST as under
- Advisory and consultation of GST matters.
- Registration in GST, obtaining GST Certificate from the Department, and preparation and filing of returns.
- Assistance to the client in reply to the various queries raised and notices issued by the Department.
- Providing legal opinion on various contentious issues of GST
Tax Dispute Resolution:
Our expertise in substantive and procedural law and practices helps us to grow rationally and consistently in dispute resolution. Organizations tend to spend a considerable amount of time and resources managing their tax-related procedures and disputes. But we have gradually changed this view and now we encourage them to concentrate on their core business activities and leave the rest of the tax-related planning and dispute resolutions to us.
With respect to Dispute Resolutions, we provide the following services:
- Representation before the Income Tax Authorities for various assessments, audits, inspections, inquiries, search, seizure, appeals, revisions, rectification, etc.
- Making applications before Settlement Commission and Advance Ruling Authorities
- Analyzing and optimizing various remedies for dispute resolution