Corporate & International Tax Services

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Taxes takes the centre stage to most business decisions and more often than not, businesses find themselves in a tussle with commercial considerations due to such decisions. Taxes may become significant cost for doing business and hence, upfront & strategic tax advice can help not only in attaining tax efficiency but also in maximising shareholder value. Our motto of “helping clients in realising their potential” helps in managing tax complexities to maximise value which is a key consideration for every major business decision. We hand-hold corporates & individuals to cross the hurdles of international taxation through our sound expertise. We have classified our service offerings into following sections:

• Domestic Tax matters: Advisory Services in respect of matters relating to various domestic tax matters.

• International Tax matters: Advisory Services in respect of matters relating to various international tax matters including cross-border transactions, Advice on permanent establishment exposure and its tax impact,  Analyse and advise on the tax treaty eligibility and provisions including Limitation on Benefits (LOB) provisions etc., Analyse the impact of General Anti Avoidance Rules (GAAR) on domestic and cross-border transactions / structuring and Review of operations and analyse the impact of Base Erosion and Profit Shifting (BEPS) measures

• Tax matters in Agreements: Advisory services relating to tax matters pertaining to agreements entered into by various parties.

• Related Party transactions: Advisory services relating to international transactions between related parties having subsidiaries in overseas markets.

• With-holding Taxes: Advice on withholding tax obligations on payments to residents/non-residents or foreign companies.

• Return of Income: Advisory services on positions to be adopted in the tax return.

• ICDS related matters: Analyse and identify differences between the current tax computation and requirements of Income Computation and Disclosure Standards (ICDS) and also in analysing impact of ICDS from a cash flow and disclosures perspective.

• POEM: Analyse the impact of Place of Effective Management (POEM) rule for determining tax residential status of a foreign company/overseas group entity in India having regard to global management structure 

• Repatriation: Advise on repatriation strategies

• Foreign Tax Credits: Advise on availing foreign tax credits in India or in overseas jurisdictions 

• Tax Health Review: Carry out diagnostic health check analysis from a tax perspective 

• Black Money Act: Advices on recent development including Black Money Act.

•  Advance tax Computations: We assist our clients in computing advance taxes so as to avoid penal interest charges. Our specialised computation software focus on ensuring consideration of ICDS.

• With-holding tax Compliances: We assist our clients in preparing, reviewing and filing of with-holding tax returns (like FORM 24Q, 26Q, 27Q etc). Our dedicated team ensures correct and timely filing and ensure healthy ratings at TRACES by timely download of FORM 16/16A. 

• Corporate Tax Returns: We assist clients in filing income tax returns after proper analysis of the law and the judicial precedents, and by taking technically correct positions on contentious matters. Our holistic approach, backed by years of experience with the tax authorities, allows our clients to mitigate potential tax risks that could arise during Revenue Audit, and helps prevent surprises.

• Other Audit FORMS & Certificates: We hand-hold our clients in all direct tax matters compliances to the extent applicable which may include Tax Audit Forms, Audit Report u/s 33AB(2), 33ABA(2), 35D(4)/35E(5), 44DA(2), 50B(3), Report from accountants u/s 92E, Report u/s 9A, Audit report for Charitable & Religious Trusts, Reports u/s 80 for various tax benefits, Annual Statements u/s 285, FORM 15CA/CB for foreign payments etc.

• Compliances pertaining to Litigations: Assistance in representation for pending tax refunds and follow-up with the revenue authorities, assistance in preparation and filing of submissions and representations before revenue authorities on various matters including assessment/reassessment proceedings, penalty proceedings and stay of demand.

• Registrations: Obtaining Permanent Account Number (Tax Registration Number), TAN (Tax deduction Number), Lower- withholding tax certificates by filing FORM 13 etc.

• Registrations of Charitable Institutions and related Compliances: Our dedicated and streamlined approach helps in meeting tax Compliances related to not for profit organizations. Compliances includes Registration under Section 12A and 80G for obtaining tax exemptions by the organization and donors respectively.