Direct Tax

Enhancing economic benefits is a fundamental concept, which drives every management effort in the modern business environment. Today, tax is viewed as a dynamic item of cost, rather than a charge on the profits. Consequently, aligning financial decisions with the right tax advice is vital for optimising profit margins. Our services in relation to taxation assist in making such sound decisions and which broadly involves:

Advisory
Our corporate tax & business advisory services include consultancy in the field of direct tax including cross border taxation, regulatory and compliance. We provide support in assisting clients to address challenges posed by rapidly changing regulatory framework, business environment and tax regime.
We also provide start-ups and newly formed businesses with advice on evaluating growth plans, facilitating regulatory mandates, creating reporting structures, and developing internal policies and systems.
We support client in structuring the capital base and business transactions to optimize the client's tax exposure.

Representation and Litigation
We represent our business partners before the tax officials for their income tax matters. We appear and represent in all appeals and other proceedings. We effectively represent our clients before all layers of tax department which help taxpayers sail through audits and scrutiny by the tax departments easily. Representation services broadly involves:

1. Appearing before Assessing Officer for scrutiny assessments
2. Application for obtaining income tax refund
3. Assisting in obtaining rectification orders and order giving effect
4. Appearing before Commission of Income Tax (Appeals) i.e. CIT(A) (first level appellant authority)
5. Appearing before Income Tax Appellant Tribunal i.e. ITAT (second level appellant authority)

Compliance & Certification services
Maintenance of accounting records in an efficient manner, timely statutory compliances are most important aspect to any business which in turn reduce risks, enable effective financial monitoring and control, and increase efficiency. In this regard, we offer Compliances and Reporting Services mentioned as under:

1. Preparation and Review of corporate tax returns to ensure compliances with the Income Tax Act, 1961.
2. Obtaining certificate under section 195 & section 197 for lower withholding of income tax
3. Monthly compiling of TDS from client records, timely deposit of taxes, filing of Quarterly E-TDS returns & issuance of Certificate to deductees, etc.
4. Advising advance tax payable
5. Reconciliation of income tax as per books vis-a-vis income reflecting in Form 26AS
6. Issuing Form 15CB
7. Obtaining PAN/TAN

Transfer Pricing
On account of increase in cross-border activities coupled with the introduction of transfer pricing legislation in India, transfer pricing compliance has assumed great importance in India.
Formulating appropriate transfer pricing policies for intra-group transactions is essential to ensure limited tax exposure and advising the client on compliance and regulatory issues, require in-depth knowledge of complex Indian tax laws, rulings, regulations and methods as well as a strong understanding of mandatory document requirements.
By understanding the client's business, we assist you to develop transfer pricing policies that are defensible, flexible and in line with your overall tax planning strategies