Direct Tax Consultancy in India

Direct Tax Consultancy

We are more than standard advice on direct tax; we provide innovative and tax efficient business strategies around your business needs. Our aim is to bring these strategies into the fabric of your decision making processes to assist you in the pursuit of your financial goals. We provide commercially sound and tax efficient decision making for you to minimize your tax liability wherever possible while focusing on results and flexibility.

Assessment and Appeals Process

Assessment (Tax Audit)  The process of tax assessment encompasses the following steps:

1. Self Assessment : To submit a tax return, each taxpayer will first need to calculate his individual income. After adjusting for all taxes paid through TDS and advance tax, the taxpayer needs to pay the balance tax payable, commonly known as self assessment tax. Simultaneously, interest for delayed filing of return or payment of advance tax is also payable. All these procedures ensure that taxpayers are liable to pay before lodging their returns.
2. Withholding Tax: Withholding Tax on NonSalary Payments  There is a withholding tax at source paid by the payer on certain payments such as rent, contractual fees, interest and payments to a nonresident. Such a system of withholding taxes ensures that income is taxed as it accrues, thus providing a flow of revenue to the government while enlarging the tax base.

Ignoring withholding tax principles will also attract payment of fines and penalties, up to court action.

Ensure your business pays tax on time, issues tax certificates, and files withholding tax returns to avoid any of these consequences.

Direct Tax Services We Offer

Income Tax & Withholding Tax Support  Our services include the following:

• Advising Corporations on Incomes tax planning and strategy.
• Review and compliance to tax withholding obligations.
• To keep you posted on any tax updates, amendments, notifications, and judgments.
•  Verification of vendor payments to determine the correct withholding tax rates.
•  Calculation of monthly TDS (Tax Deducted at Source).
•  Reconciliation of TDS due and deducted per month.
•  Preparing and submitting tax payments on or before due dates.
•  Filing quarterly eTDS returns.
•  Filing annual income tax returns.

Certification Services

We also offer Chartered Accountant Certification under Section 195, wherein overseas remittances are required and ensured so that you are in accordance with the requirements of compliance on international transactions.