Taxation is our core area and we possess special expertise with proficient knowledge of the Indian Tax Laws. It being a very sensitive area affecting every organization has to be handled with caution.
We provide tax advisory services in the following areas:
Section 192, 194 and 195 of the Income Tax Act, 1961 has prescribed various types payments on which tax has to be deducted at source at the time of payment or credit whichever is earlier viz. Salary, Contractor services, Commission, rent, Professional payments, Interest, service payments to non residents like fee for technical services, royalty, interest etc. , Dividend payments, purchase of property from Resident/Non-resident seller in India, rent of property by individuals etc.
The TDS so deducted can be set off against the income tax payable by the assesses against whose income tax has been deducted at source. To take this benefit the tax deductor has to file its TDS returns and issue TDS certificate to the deductee on frequency as prescribed under the Law. Once the TDS returns are filed the TDS gets reflected on the online tax view statement of the assessee and this can be claimed by the assessee in its income tax return. The Income Tax Department also processes income tax returns filed by the assesses and issues refund giving TDS claims made by the assessee. Thus it is imperative to correctly file TDS returns.
The initial step is to obtain Tax Deduction Account Number (TAN). Every assessee required to deduct TDS under the law shall obtain TAN. We offer following services:
We have team of experts to advice on cross border transactions, tax implications, tax planning and statutory filings. Double Taxation avoidance Agreements (DTAA) forms an imperative part in international taxation arrangements.
GST was introduced by the government in the year 2017. It is an indirect tax which replaced earlier prevailing indirect taxes like service tax, Value added Tax, Customs and Excise Duty etc. Government has mandated monthly and quarterly filing of returns under GST for different category of taxpayers. Our team has GST experts which help in: