Taxation Service

Taxation Service

Taxation services

Taxation is a critical component of business operations, encompassing the assessment, management, and compliance with applicable legal regulations. Whether you’re a startup, a Micro, Small, and Medium Enterprise (MSME), or a large corporation, our expert team is dedicated to providing tailored tax solutions that ensure you stay compliant with Indian tax laws while optimizing your tax liabilities.

We offer comprehensive Tax Planning & Compliance Services across several critical areas:

Direct Tax Services:

We understand that Direct Taxes, such as Income Tax and Corporate Tax, form a significant aspect of your financial obligations. Our dedicated team of experienced Chartered Accountants possesses in-depth knowledge of the ever-evolving tax laws, regulations, and judicial pronouncements. We provide tailored solutions for individuals, businesses of all sizes, and other entities, helping you navigate this intricate domain with clarity and confidence.

Our Comprehensive Suite of Direct Tax Services Includes:

  • Developing proactive and strategic tax plans to minimize your tax liabilities within the legal framework.
  • Identifying and leveraging all available tax exemptions, deductions, and benefits.
  • Advising on the most tax-efficient structures for businesses and transactions.
  • Planning for salary structuring, capital gains, and investment income.
  • Providing guidance on dividend payouts, restructuring, and succession planning from a tax perspective.
  • Preparation and filing of Income Tax Returns (ITRs) for individuals, firms, LLPs, companies, and other entities.
  • Ensuring accurate and timely filing to avoid penalties and interest.
  • Review of TDS (Tax Deducted at Source) credits and reconciliation with Form 26AS.
  • Assistance with advance tax calculations and timely payments to avoid interest liabilities.
  • Comprehensive corporate tax planning and compliance services.
  • Preparation and filing of corporate tax returns.
  • Advising on complex corporate tax matters, including mergers, acquisitions, and reorganizations.
  • Assistance with transfer pricing regulations and documentation.
  • Guidance on Minimum Alternate Tax (MAT) implications.
  • Providing expert assistance during tax assessments and scrutiny proceedings by tax authorities.
  • Preparing comprehensive replies to notices and queries from the Income Tax Department.
  • Representing clients before tax authorities at various levels.
  • Handling tax appeals before the Commissioner (Appeals) and the Income Tax Appellate Tribunal (ITAT).
  • Developing effective litigation strategies and providing support throughout the process.
  • Advising on TDS obligations for various types of payments.
  • Assistance in obtaining Tax Deduction Account Number (TAN).
  • Calculation of TDS as per applicable rates.
  • Preparation and filing of monthly and quarterly TDS returns.
  • Issuance of TDS certificates (Form 16, Form 16A).
  • Rectification of TDS mismatches.
  • Advising on the application of Double Taxation Avoidance Agreements (DTAAs).
  • Assistance with tax residency certifications and foreign asset disclosures.
  • Providing guidance on the taxation of non-residents and expatriates.
  • Advisory on repatriation of funds and remittances.
  • Tax due diligence for mergers and acquisitions.
  • Obtaining Advance Rulings on complex tax matters.
  • Handling survey, search, and seizure cases.
  • Advisory on specific provisions applicable to various industries and sectors.

Indirect Tax Services:

Indirect Taxes, primarily the Goods and Services Tax (GST), along with other levies like Customs Duty and Excise Duty, significantly impact your business operations. Our dedicated team of experienced Chartered Accountants possesses in-depth knowledge of these complex regulations, providing tailored solutions for businesses across all sectors. We are committed to guiding you through this intricate framework, enabling you to focus on your core business activities.

Our Comprehensive Suite of Indirect Tax Services Includes:

  • GST Registration: Assisting with obtaining GST registration, amendments, and cancellations.
  • GST Compliance:
    • Preparation and filing of all GST returns (GSTR-1, GSTR-3B, GSTR-9, GSTR-9C, etc.) accurately and timely.
    • Ensuring compliance with e-invoicing regulations.
    • Managing e-way bill generation and compliance.
    • Handling reconciliation of GST data with vendors and customers.
  • Input Tax Credit (ITC) Management:
    • Optimizing ITC claims while ensuring adherence to eligibility criteria.
    • Conducting ITC reconciliations to maximize eligible credits.
    • Advising on ITC reversals and adjustments.
  • GST Planning and Advisory:
    • Structuring business transactions in a GST-efficient manner.
    • Providing guidance on the applicability of GST on various goods and services.
    • Advising on complex GST issues, including supply, place of supply, and valuation.
    • Conducting GST health checks and risk assessments.
  • GST Audits and Assessments and appeal:
    • Assisting with GST audits conducted by tax authorities.
    • Preparing responses to GST notices and queries.
    • Representing clients during GST assessments and investigations.
    • Filling of GST Appeal and attending the hearing.
  • GST Refunds: Facilitating the process of claiming eligible GST refunds.
  • Training and Awareness: Conducting GST training sessions for your team to enhance compliance awareness.
  • Import and Export Procedures: Providing guidance on customs regulations, documentation, and procedures for import and export.
  • Customs Duty Planning: Advising on tariff classifications, valuation, and applicable duty rates to optimize customs duty costs.
  • Bonded Warehouse Management: Assisting with the establishment and compliance of bonded warehouses.
  • Duty Drawback Claims: Facilitating the process of claiming duty drawbacks on exported goods.
  • Customs Audits and Assessments: Representing clients during customs audits and assessments.
  • Providing guidance and compliance services for other applicable indirect taxes (e.g., Stamp Duty, Entry Tax, etc.).

International Tax Compliance

With globalization, businesses are increasingly engaging in cross-border transactions. International tax laws can be complex, with different regulations in various jurisdictions. We provide expert advisory and compliance services to manage these complexities.

  • Transfer Pricing: We assist businesses in ensuring their intercompany transactions are priced in accordance with the arm’s length principle, ensuring compliance with international tax laws.
  • Double Taxation Avoidance (DTAA): We help businesses navigate the provisions of international tax treaties, allowing them to avoid paying taxes on the same income in two different countries.
  • Cross-Border Tax Planning: We provide advice on structuring cross-border transactions to minimize tax liabilities while ensuring compliance with local and international tax laws.
  • Taxation of Non-Residents and Expatriates:
    • Advising non-residents on their Indian income tax obligations.
    • Assisting expatriates with their tax planning and compliance in India.
    • Managing tax equalization and hypothetical tax calculations for expatriate assignments.
    • Ensuring compliance with residency rules and regulations.