We have tax professional with the expertise, commitment and experience to provide business and personal tax advice. Businesses face the challenge of turning their newly established operations into profit making operations within a stated period of time, which is not an easy task. For taking advantage of all possible opportunities should certainly include proper tax planning and advice.

Business cannot expect to survive in dynamic economy without a clear sense of purpose and a strategy to reach goals. We supports our clients as they plan and adapt in order to meet the challenges of worldwide. Tax laws are now complex, levying heavy penalty and therefore it's most essential to ensure that business operations undertake adequate tax planning at an early stage. .

Income Tax & TDS services
VAT
Service tax
GST
Profession Tax
Transfer pricing
FEMA/RBI and other Regulation Compliances

Income Tax and TDS i.e.Tax Deducted at Source are the direct taxes levied in India..

Our ambit of services in the direct taxation arena starts from initial tax registrations, day to day tax compliances, tax advisory to litigation support services with prime focus on ensuring proper tax compliance coupled with optimizing the tax incidence. The services are as under.

• Obtaining registrations like permanent account number (PAN), tax deduction account number (TAN).
• Structuring and planning of business transaction.
• Business rearrangement/reorganization including mergers, demergers, acquisitions, etc.
• Compensation Structuring.
• TDS Advisory
• Expatriate advisory services
• Filing of tax returns of income tax, wealth tax, withholding tax and annual information
• Assistance in obtaining tax clearance, lower or no withholding tax and remittance certificates
• Representation before judicial authorities in assessments and appeals

• Generation of remittance certificates
• Computation of taxable income for short and long term gains
• Computation of capital gains tax liability

Vat / Sales Tax are state level taxes levied on sales of goods (including computer software), work contract and hiring of goods. Since the introduction of VAT (Value Added Tax), compliance requirement have increased manifold and require expert services for maintenance of records and calculation of tax liability. We provide following services for compliance with VAT / Sales Tax:

Vat Related Services

• Pan India based VAT / CST, Compliances and Audit.
• Local (Maharashtra State) Registration with VAT / Sales Tax Authorities.
• E-Filling of Periodical VAT / CST Returns and calculation of tax liability.
• Assisting with various other VAT / Sales Tax compliances.
• Procurement of Statutory Forms - C/E1/E2/H/F & I Forms.
• VAT Planning and Advisory Services.

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. Service Tax is collected by Central Excise Department.

Some of our services include:

• Registration and Compliance
• Compiling the data of CENVAT Credits for service tax.
• Compiling and calculating the net service tax on output services after taking benefit of CENVAT Credits.
• Working of Reverse charge Mechanising.
• Preparing & Filing of Service Tax Returns.
• Advising on the issues relating to Service tax.
• Consultancy on the maintenance of prescribed records.
• Tax Planning as regards the minimization of Service Tax Liability
• Consultancy on Structuring of Transactions and Contracts
• Consultancy on Service Tax implications on Cross Border Transactions
• Representations and Assessments Litigation and Opinions
• Compliance Services

The GST is a Value added Tax (VAT) and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments. It is aimed at being comprehensive for most goods and services.

Profession Tax is levied on any "person" means any person who is engaged actively or otherwise in any profession, trade, calling or employment in the State of Maharashtra, and includes,company corporation or other corporate body, any society, club or association, so engaged, but does not include any person who earns wages on a casual basis.

Profession tax is also levied on all employees whether Government or any subsidy of State or Central Government and also employees of Private firms and organizations. "salary" or "wage" includes pay or wages, dearness allowance and all other remunerations received by any person on regular basis, whether payable in cash or kind, and also includes perquisites and profits in lieu of salary, as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form, and on any account or gratuity. This Profession Tax is deducted from employee’s salary and paid to the Government treasury

We provide the following services in Profession Tax :
Obtaining Registration under Profession Tax Act
E-flilng of periodical Profession Tax Returns
Assisting with various other Profession Tax Compliances
Profession Tax Advisory Services
Representation under the Profession Tax Act.

Transfer pricing law is contained in the Income-tax Act, 1961 [i.e. Sections 92 to 92F under Chapter X-Special Provisions Relating to Avoidance of Tax]. It applies to foreign entities on their international transaction between associated enterprises and to domestic entities on their specified domestic transaction. It involves benchmarking the pricing of such transaction to the arm's length under the various methods considering the nature of transaction.

Under the arm's length price principle, the transaction pricing of a controlled transaction between associated enterprises and of specified domestic transaction should be same as that of an uncontrolled transaction between unrelated parties in the open-market.

Our transfer pricing services includes the following

Advisory
We render advisory services on transfer pricing involving integration of commercial factors and tax factors considering the business strategy and the operating structure of the entities. It is rendered before the transaction is entered into where we advise on the adoption of pricing methodology in respect of a forward looking transaction and after the transaction is entered into where we advise on the justification of the arm’s length price of the historical transaction.

Audits
Transfer pricing audit is carried out, in accordance with the provisions of the Income-tax Act, 1961 [i.e. Sections 92 to 92F under Chapter X-Special Provisions Relating to Avoidance of Tax], and an Accountant report is issued under Section 92E in respect of an international transaction between associated enterprises and of specified domestic transaction. It covers documentation as well as benchmarking the pricing of such transaction to the arm's length under the most appropriate methods carrying out the factual, functional and economic analysis of various factors of the transaction.

Representation
We represent before the tax authorities in respect of proposed international transaction i.e. forward looking international transaction so as to have an advance pricing agreement and We also represent before the tax authorities in respect of historical transaction where the tax authorities seek to verify and assess the transfer pricing related transactions so as to conclude whether or not the arm’s length pricing principle is followed.

• Advising on Entry Strategies for Foreign Companies in India
• Various structures given above can be evaluated as under:
• Liaison Office
• Branch Office
• Project Office
• Wholly Owned Subsidiary or Joint Venture Company
• Limited Liability Partnership
• Entry with or without Government Approval
• FEMA Retainership Services
• Approvals from Foreign Investment Promotion Board (FIPB) and RBI for Investment or Formation of a New Co.
• Global Business Set Up Services
• Valuation of Shares
• Filing FCGPR with RBI
• Approvals for ECB loan
• Approvals From RBI For The Allotment/Transfer Of Shares
• Annual Return of Foreign Liabilities and Assets
• Annual Activity Report
• Compounding of offences with RBI

• Timely preparation and filing of statutory documents including Income tax Return with the authorities.
• We assist in obtaining Remittance Certificate required for overseas remittances like remittance on account of sale of investment or property, rent, dividend, interest etc.
• Assisting in obtaining Tax Refunds from the revenue department
• Litigation support services like compiling details for presentation before the revenue and the appellate authorities etc.
• Returning NRIs Planning covering provisions related to
• Residential Status
• Bank Accounts in India
• Tax Liability in India
• Assets Outside India under FEMA
• Tax liability of Income from Assets outside India