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Taxation

Direct Tax

Tax is an obligation on the payer to withhold tax at the time of making various payments such as rent, commission, salaries, professional fees etc. at the rates specified in The Income Tax Act. Indian laws are stringent on compliance of these laws and provide for prosecution in cases involving Non Payment of deducted taxes.

There is extra caution required while making payment to foreign companies, to check if withholding provisions are triggered for the particular payment. Also, each transaction should be looked at differently from the standpoint of Indian Income Tax provisions and Double Tax Avoidance Agreement (DTAA) entered with the concerned country.

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  • Withholding Tax

    • Under the Act, a person making certain specified payments such as salary, contractual payments, rent, interest, professional or technical fees, commission, payments to non-residents, etc. is required to withhold tax at source from such payments and comply with the associated requirements in respect of deposit of taxes in the Government treasury in the prescribed manner, issue of tax credit certificate and filing withholding tax returns. The rationale of withholding tax is to provide a mechanism for tax authorities to collect tax at the source of income, and also to expand the tax base.

    NON Compliance with the prescribed withholding requirements could result in the levy of penal interest, penalty and prosecution under the Act, in addition to the liability to make up for the taxes not withheld/deposited.

Our Services

  • Corporate Taxation & Tax planning
  • Diagnostic Review of Accounts for implications of Direct Taxation
  • Representation before revenue authorities including filing an appeal up-to the stage of Tribunal (ITAT)
  • Tax Due Diligence
  • Submission of various forms, such as 15C and 15CB, in India.
  • Income Tax

    • Income tax is a form of DirectTax where the assesses pays the tax directly to the government. These direct taxes cannot be transferred to any other individual or company’s name. All individuals are solely responsible for the direct taxes levied on them or their company. Individuals and organizations must file tax returns annually to determine if they are eligible for refund on tax paid or if they owe the government any tax.

    There is a lot of scope in tax planning by which we can help our clients save taxes legitimately. Our tax advisory is designed keeping in mind the client’s cash flow and present as well as future fund requirements. We have a team of experts who specialize in providing Income Tax related services to individuals as well as organizations, be they small, medium, or large. We also provide consultancy services on matters related to investment that optimize savings while at the same time, smartly minimizing tax on income.

    We are there to assist you & give idea about tax planning, investments, tax deductions, etc. Also, we need to check out for deadlines about tax.

    Income tax return form is available online and all your queries related to it are solved by us. Also, We assist you with the income tax payment, as it should be done on time..

Indirect Tax

  • Dual GST structure

    • Under the new regime, the central and state governments are levying GST on every supply of goods and services at the same time, on a common taxable value. State GST and Central GST rates are the same.

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  • IGST - an Indian innovation

    • However, in the case of imports and interstate supplies, one single Integrated GST (GST) is levied only by the central government, proceeds of which are equally shared by the central and the recipient state governments. IGST is an Indian innovation which is helping tax credits move along with goods/services, across states and therefore, has reduced refund situations at state borders.

  • Destination-based tax

    • GST has brought a significant shift from origin-based taxation to a destination-based tax structure. This has impacted not only the operating business models but also the revenues of the centre/states. It has the potential to improve cash flow, pricing, working capital, supply chain and fine tune IT systems and hence provide an opportunity to transform businesses.

  • GST Compliance Management – Complete Outsourcing

    • GST outsourcing covers excise, service tax, VAT and EOU/SEZ legislations, wherein we helps the client with indirect tax compliances which inter alia include tax computation, preparation of returns, filing of returns, assist in responding to queries raised by tax authorities, guiding and providing assistance in department audits, routine advisory and other support services.

Our Expertise in Servicing Client having:-
  • Having pan India presence, including in the manufacturing and service industries
  • Organizations having limited indirect tax resources
  • Organizations with pending tax disputes
  • Entities that rely on local consultants, and local staff for compliance.

Our Services to meet clients' requirements:-
  • GST Registrations
  • GST Annual Returns
  • GST LUT Filings
  • Temporary GST Registrations
  • GST Registrations for Foreigners