Direct & Indirect Taxation

In Tax practice we focus on finding opportunities and leveraging them to the advantage of clients in the form of significant tax savings. It helps improve clients bottom-line through tailored, innovative methodologies. The practice provides advisory services in the areas of Direct Tax, Indirect Tax including Service Tax, International Taxation, Transfer Pricing and Personal Taxes as below:

Direct Taxation

Direct Tax is the tax that is paid directly to the government by the persons on whom it is imposed. It cannot be shifted onto others. The best examples of direct taxes are income tax and property tax. Direct tax is often accompanied by a tax return filing by the taxpayer.


Under Direct Taxation we provide tax consultancy services in the following areas:


  • Transfer pricing, Documentation and Compliance Services.
  • Advising NRI's on various Taxation issues & related International Taxation Compliance Services.
  • Assistance in compliance with tax requirements, payments and filing of tax returns.
  • Attending to Income Tax Scrutiny, preparation and submission of various requirements during the course of Scrutiny
  • Appearing before the Commissioner of Income Tax (Appeals).
  • Obtaining certificate for non / lower deduction of Tax at source and issuance of certificate U/S 195 - 15CB.

Indirect Taxation

An indirect tax is the tax collected by an intermediary from the person who shall bears the ultimate economic burden of the tax. It in fact increases the price of goods so that consumers are actually paying the taxes by paying more for the products. The examples of indirect tax are service tax and value added taxes (VAT). Here, the intermediary later files a tax return and forwards tax proceeds to the government with the return.

As indirect tax consultants, Ours services are as follows:


  • Appraisal on applicability of various taxes.
  • Assistance in obtaining Registration.
  • Assistance in compliance with regulatory requirements, payments and filing of periodic returns.
  • Attending to Scrutiny and Appeal proceedings


Updates

"No disallowance of expenditure u/s. 40(a)(ia) for default of short-deduction of TDS under Income Tax Act.[Income Tax Appellate Tribunal Mumbai"


"CBDT to shortly introduce electronic verification of online returns with no need to send physical ITR-V. Expected to be operational within the financial year"


"Withholding tax rate not to include cess and surcharge if treaty is silent on these aspects"


"Transportation of passengers via ropeway isn't covered under tour operator's service"


"Receipts by landlord for transfer of tenancy right from one tenant to another is not taxable as capital gain"


"Vehicle registration services rendered by motor car dealer to its buyers are not Business Support Services"


Ask Your Query

Compliance services

Accounting, audit, company secretarial and taxation compliance.

Compliance services

Advisory services

"Starting where other accountants finish" means we use the preparation of accounts and tax returns as the starting point to help you increase your profits, save taxation, build your personal wealth and provide you with expert advice.

Advisory services