KY - Chartered Accountants

Importance of Business tax planning:

Tax planning strategies are typically employed to help a business achieve their financial and business goals. There are benefits of tax planning for both large and small businesses and planning plays an important role in:

Lowering the amount of taxable income by claiming exemptions
Reducing the tax rate
Allowing greater control of when taxes get paid
Maximising tax relief/tax credits available

There are always new laws and changing allowances, so regular reviews are important

1.Corporate Tax:

Corporate tax is often a large cost to profitable companies. However, both small and large businesses can retain more profit or extract more value from the business from corporate tax planning

Corporate tax planning strategies include:

Identifying the tax deductable expenses
Bringing forward costs
Claiming additional depreciation on capital expenses

2.International tax:

Whether doing business internationally, planning to live outside the India or coming to the India to run a business and live here, International tax planning can help you save foreign tax as well as India tax. International tax planning strategies include:

Timing of tax bills
Using tax deferral opportunities
Foreign tax credits
Avoiding double taxation

3. Income tax:

Income Tax is one of the major Direct Tax Law of Economy. Income Tax Act 1961 remains one of the most complicated tax laws in world. We have developed considerable expertise in it.

Compliances:

Every business is required to file tax returns and make payments on income at the state and Center level. While each organization has its own requirements, ignorance of the rules is not an excuse for non-compliance.

Not only is it vital that a company dedicate resources to tax compliance, it is also costly. Since tax rules tend to change frequently, there is a high risk of mistakes as well as the potential to miss opportunities, both situations that could hurt your company's bottom line

“Make sure you pay your taxes; otherwise you can get in a lot of trouble." - Richard Nixon

Staying up to date on tax matters is not only your responsibility but also the best way to ensure the longevity and profitability of your business. Every finance leader should maintain open and ongoing communications with the tax expert throughout the year.

Our services would include:

Assistance in preparation and filing of income-tax return;
Assistance in preparation of advance tax computations on quarterly basis;
Review and filing of quarterly withholding tax returns; and
Issue of Form 15CB for making payment to non-residents

Advisory services:

Applicability of withholding taxes on various payments to be made by the Client
Direct tax implications on proposed transactions of the Client
Analysis of transactions with Group entities from Transfer Pricing regulations perspective
Analysis of withholding taxes on payments to non-residents from DTAA & Act perspectives
Other related advisory services from direct tax perspective.s

International Taxation, Transfer Pricing

We offer consulting and planning services in international taxation including Tax Treaties
This includes advisory services for structuring business entities and transactions to ensure effective compliance with laws and minimize tax incidence
Comply with Transfer Pricing regulations, and also provide representation services before Transfer Pricing authorities.

Tax Due diligence Services

Review of the tax compliances and litigations;
Risk analysis of the pending notices and appeals.

Employee & Expatriate Taxation

We help expatriates in India, including non-resident Indians comply with Indian tax laws including filing tax returns.

GST Laws

GST is major Indirect Tax covering nearly all type of Business Transaction with lot of ambiguities. Our Team of tax experts is well informed and understands the nuances of regulations, the importance of deep industry knowledge and the growing role of technology experience. We offer services for matters of registration, planning, consultation, compliance, and representation before assessing authorities.

A. Compliance Services

Assisting the Client in compliance services applicable from GST perspective which inter alia would include:

Assistance in preparation and filing of monthly GST returns;
Assistance in filing of GST refunds on quarterly basis (only on export services);
Assistance in preparation and filing of Annual GST returns

B. Advisory Services :

Advisory services to the Client from GST perspective which inter alia would include: