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| Direct Tax |
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| Continuous development and increasing complexities in economic environment leads legislators to bring rapid changes in tax laws. We are providing in-depth and well thought advice to our clients by analyzing the changes.Whether are you thinking for a restructuring of your business or coming to terms with frequent changes in tax regulations, our professional team will admire you how to confront and navigate through those situations and provide with an accurate and deep insight to meet business needs. |
| We advise our clients on major developments in taxation regimes occurring periodically and their effect on business. Apart, our multi-disciplinary tax team helps you in corporate tax advisory and overall tax planning. |
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| Bulk Return Filing |
| Income tax department has authorized only E – Returns Intermediaries to upload bulk tax returns through secure means. This is a sort of license that is provided to tax service providers who work in a particular area of business. The Income Tax department allows priority to all the tax returns that are filed through the e-Returns Intermediary interface. As a result, your tax returns get importance over those who file individually. |
| We provide the services of filing return of all the employees of the Company and of Company in a single floor by experienced qualified professionals in managed and insured manner. Thus Tax returns also get importance over those who file individually. Moreover, because of the priority status, tax is processed faster and as a result there are prompt refunds if eligible for. |
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| Corporate Tax Planning |
Tax Planning is a process in which Organizations evaluate their financial profile with the aim of minimizing tax liability. Corporate Tax Planning activities generally seek to avoid legally triggering tax costs rather than illegally evading an existing obligation to pay tax. It is a forward looking activity which encompasses the strategic structuring of business operations in order to minimize tax liabilities.
We undertake the activity of minimizing the tax liability through the best use of all available allowances, deductions, exclusions, exemptions etc, to reduce the income. We help you in structuring your business transactions so that you maximize your after tax profit. We analyze your business activities and recommend alternatives consistent with your business requirement and also the applicable laws. |
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| Record Keeping |
Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the Tax Department selects your return for scrutiny. Records management is the first important task in the process of sound financial management.
We guide you about the records that you need to keep for Corporation Tax Purpose.
We also help you maintain accurate and regular financial records which in turn allow you to monitor the success or failure of your business. Regularly monitoring your business activities will help you operate more efficiently, control your cash flow, and increase your profitability. |
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| Remuneration Structuring from Tax Angle |
Two factors Require consideration in the case of Remuneration Planning. First one has to ensure that while calculating business income of the employer, remuneration paid to the employees are fully deductible. Secondly the remuneration should be taxed at concessional rates at the hand of the employees.
We Advice on structuring remuneration packages for employees and on cost saving opportunities so as to minimise the tax bill in the hands of employees and maximise their take home pay, and also ensure that the entire remuneration is allowed as business expenditure for the employer. |
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| Representation services |
Representation Services are services wherein we represent the client before the various tax officials regarding their income tax matters. We appear and represent in all appeals and other proceedings including before the Income Tax Appellate Tribunal, Settlement Commission and Authority for Advance Rulings (AAR), Dispute Resolution Panel (DRP), etc.
We effectively represent our clients before all layers of tax department which help taxpayers sail through audits and scrutiny by the tax departments easily. |
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| Review and assistance in advance Tax Computations |
| Tax is paid in advance when the liability of advance tax is Rs.10,000 or more. The provisions of advance tax are applicable on all types of persons irrespective of the residential status of the person. The advance tax is paid in the previous year itself. The first installment is paid on 15th June by Corporate Assessee while non-corporate assessee pays the first installment on 15th September. The whole of advance tax is paid by 15th March by both corporate and non-corporate assessee. We provide the services of Calculating & Depositing the Advance Tax Installments on Time so as to avoid payment of Interest u/s 234B & 234C |
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| Tax Audit Support Services |
| We provide Tax Audit Support Services which include compilation of various details& Information required for tax audit purposes and providing audit support to auditors which in turn leads to smooth filing of Tax Audit Returns |
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| Tax Compliance & Reporting Services |
| Our compliance and reporting solutions create confidence that tax is being handled in the best and most cost-effective way possible in your organisation. Through problem diagnosis, systems and process innovation, and a range of outsourcing options can help you create and embed a best-practice tax function that: |
Creates assurance through improved data management, ensuring data integrity and accuracy;
Reduces the risk inherent in compliance and reporting processes; |
| Provides more timely and transparent reporting, without excessive reliance on manual effort; |
| Improves overall efficiency through automation and systematisation of routine and repetitive tasks. and Gives tax professionals the time to focus on adding value as opposed to being swamped with mundane manual tasks. |
| We undertake Regulatory compliances viz. statutory returns and documents preparations, compilations and e-filings with the revenue authorities. |
| We help organisation understand their current tax compliance needs. Our tax compliance framework addresses the needs of organizations of various sizes and complexity. |
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| The Tax Compliances & Reporting Services we offer are :- |
- Tax Audits as per the provisions of the Indian Income tax Laws
- Preparation and Review of corporate tax returns to ensure compliances with the Income Tax Act, 1961 and the various judicial pronouncements
- Personal Tax Compliances – Compiling and filing of Tax returns
- Payment of Tax On Employment
- Monthly compiling of TDS from client records, timely deposit of taxes, filing of Quarterly E-TDS returns & issuance of Annual Certificated to Vendors.etc
- Advance tax calculations and deposit on quarterly basis and deposit of self-assessment tax and tax on regular assessments etc
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| Tax Return filing |
The filing of income tax return is a legal obligation of every person whose total income during the previous year exceeds the maximum amount which is not chargeable to income tax under the provisions of I.T. Act, 1961. The return should be furnished in the prescribed form on or before the due date(s).
We prepare, review and file your income tax returns accurately and timely, We ensure that the maximum tax benefits are availed, taxes are minimized & returns are filed within the due date so as to avoid interest & penalties & all your tax filing obligations are properly discharged. |
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| Withholding Tax |
| Withholding tax is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government. Chapter XVII-B of the Income Tax Act provides for deduction of tax at source on payments made by any assessee. These provisions are also applicable in case of payment made to non-residents. Section 195 casts an obligation on the person responsible for payment to non-resident to deduct tax at source at the time of payment or at the time of credit of the sum to the account of the Non Resident. |
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| We provide the services of Preparation and Review of the withholding tax (TDS) returns as per the provisions of the Income Tax Act. We also undertake consultancy and Certification services needed for making foreign remittances following the provisions of section 195 of the Income tax Act, 1961 (Preparation of Form 15CB)or as per Double Taxation Avoidance agreements (DTAA) & as per the guidelines of Reserve Bank of India. We are also involved in seeking Certificates from the Tax Department (both local & international) for non/lower Tax Deduction at source.i.e Certificate u/s 197. |