Taxation Consultancy
Taxation consultancy together with innovative tax efficient strategies, provided by us form an integral part of viable business decisions. These help our clients attain the desired goals. We adopt a “result oriented approach” which is flexible and emphasizes delivery and value. It enhances the effect of commercially viable decisions and minimizes the tax burden.
Indirect Tax Consultancy
It includes consultancy and all the services in respect of compliance of various indirect taxes leviable in India. Some of the major indirect taxes leviable in India are:
- SERVICE TAX
Service tax is a central tax, which has been imposed on certain services and is the latest addition to the genus of indirect
taxes like customs and central excise duty. India, a developing country, was somewhat slow in discovering the potential of
this kind of indirect taxation for enhancement of revenue collection and it was the Finance Act 1994 that first introduced
the service tax provisions through its Chapter V. Service Tax is collected by Central Excise Department.
2. VALUE ADDED TAX(VAT)
VAT is a tax on value addition and a multi point tax, which is levied at every stage of sale. It is collected at the stage of
manufacture/resale and contemplates rebating of tax paid on inputs and purchases.
Direct Tax Consultancy
Our direct tax consultancy includes :
1. COMPENSATION STRUCTURING
It includes devising the strategies within the purview of the Law to design the most efficient compensation structure of
the employees of the company.
2. CERTIFICATION WORK
Issuance of Chartered Accountant certificates u/s 195 required for the Overseas Remittances purposes from time to time.
3. INCOME TAX AND WITHHOLDING TAXES
- Advising on Income Tax Planning of Corporates.
- Advising & reviewing of all necessary tax withholding responsibilities.
- Advising all financial subjects which are of your interest and keeping you updated on the new amendments, circulars, notifications & judgments.
- Verification of all payments to vendors for the purposes of determination of correct application of rates and category for deduction of withholding taxes.
- Computation of monthly TDS on the basis of above.
- Monthly tax reconciliation of the TDS due and deducted.
- Preparation and deposit of Monthly challans on or before the statutory due date.
- Filing of quarterly E-TDS Returns.
- Filing annual Income Tax return.
