Domestic Taxation & International Taxation

Overview

In global environment, tax for organization has become more complex issue with tax incentives, globalization and the upcoming tax code, rules and regulation. We advise corporate to cross the hurdles of domestic and international tax operations, indirect taxation, compliance, reporting and also provide dispute resolution services for direct and indirect taxes. One of the biggest challenges –and greatest areas of opportunity – for a multinational company today is effectively managing local and foreign taxes in a way that aligns with its overall business objectives and operations.

We are the one stop shop for all Direct and Indirect Taxation related matters whether it is compliances or representation services related matters namely:

Corporate Taxation

  • Corporate Tax Return
  • Tax Audit
  • Withholding Tax – Retainership & Advisory
  • Tax Consultancy and Advisory
  • Opinions on various transactions from domestic law to tax treaty viewpoint
  • Advising on tax planning opportunities
  • Taxation relating Certifications – 15CB, etc.

Litigation Services

  • Representation Services up till Tribunal level
  • Others- Assistance in Departmental Audit

High Net Worth Individual

  • Representation Services up till Tribunal level
  • Assisting the Council for Appeal before High Court/ Supreme Court
  • Others- Assistance in Departmental Audit

Income Computation and Disclosure Standards (ICDS)

Income Computation and Disclosure Standards (ICDS), introduced with effect from 1st April, 2015, constitute one of the significant amendments introduced in the Indian Income-tax legislation. ICDS are applicable for computation of income taxable as ‘Business income’ or ‘Other’ Sources income. These standards provide for some significant departure from Indian Accounting Standards and may lead to material tax implications for taxpayers. In this regard, we provide assistance in examining ICDS having regard to nature of business & transactions of the taxpayers and advising on relevant tax implications.

Transfer Pricing

Transfer Pricing law was introduced in India in 2001. It deals with curbing tax avoidance by laying down norms for computation of income arising from international transactions or specified domestic transactions (“SDTs”) having regard to the “arm’s length price”. Our Transfer Pricing services offer effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprise or group companies which are as follows:

  • Transfer Pricing Analysis
  • Selection of the appropriate method
  • Benchmarking Analysis
  • Issuance of Transfer Pricing Certificate
  • Representing Transfer Pricing Cases before Transfer Pricing Officer/ Appellate Authorities

Double Tax Avoidance Advisory

The Double Tax Avoidance Agreements (DTAA) are essentially bilateral agreements entered into between two countries, in our case, between India and another foreign state. We facilitate our client in DTAA Advisory to avoid double taxation based on the nature of Income and expenditure, in both the countries (i.e. Double taxation of same income) and withholding tax issues and other compliance.
 
     
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