Taxation Services

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Taxation:-

Direct Tax Consultancy: Direct tax consultancy together with innovative tax efficient strategies, provided by us form an integral part of viable business decisions. These help our clients attain the desired goals. We adopt a “result oriented approach” which is flexible and emphasizes delivery and value. It enhances the effect of commercially viable decisions and minimizes the tax burden.

Assessment (audit by tax authorities) and appeals
The assessment and appeals procedure under the Act involves the following:

Human Factors

Self-Assessment
Every assessee, before submitting a tax return, is required to make a self-assessment of income and after taking into account the amount of tax already paid by way of TDS and advance tax, pays the balance tax (self-assessment tax) due on the income. Further, along with the tax, any interest arising on account of delay in furnishing of tax return or any default /deferment in payment of advance tax, is also required to be paid. The procedure for self-assessment and determination of tax liability has been depicted below by way of a flowchart.

WITHHOLDING TAX
Withholding taxes on payments other than salaries 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 cerficates 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.
Failure to comply 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.


Direct Tax [Example – Income Tax]
Consumer   —Pays—>   Govt

Indirect Tax [Example – Income Tax]
Consumer   —Pays—>   Manufacturer   —Pays—>   Go

Tax Services

Taxation Litigation Services

Tax litigation in India requires a comprehensive approach with the back-up of a sound legal team and tactful handling at appellate fora.

Corporate Taxation Advisory

Corporate taxation is an essential aspect of doing business in India and its importance cannot be undermined. The Indian government has gradually reduced corporate tax rates

Direct Taxation Advisory

India’s dynamic environment has led to fierce competition. Not only corporate entities but individuals, HUFs, Partnership Firms, LLPs, etc have realized the importance of taxation and its associated cost with efforts to reduce the tax.

Indirect Taxation Advisory

Indirect taxes pervade every area of a company’s business. Their impact on material and product costs, cash flow, profitability and, ultimately, on shareholder value is an important element to stay ahead in competition.

VAT / GST

VAT, GST, Sales & Use and other similar taxes are broadly based on transactions, and liability will arise regardless of profitability. Because most countries impose these taxes, most transactions are affected.
  • Income Tax Filing And TDS Return
  • Representations before Judicial Authorities in Assessments and Appeals
  • Preparation, Review and Filing of returns
  • MIS Reports for all levels of management
  • Handling all types of Income tax Assessments and Appeals
  • Accounting system setup and support
  • General Accounting / Audit Services
  • Budgeting and Financial Projections

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