SERVICE: Income Tax Consultation

Corporate Tax Law: Corporate tax is levied on both domestic as well as foreign companies which are not registered in India, but has its operations and generate income in India. Additionally, there are various tax Incentives like setting up of businesses in Tax-Free Zones, Export Oriented Units and in SEZs (Special Economic Zones). 

Drafting of Reply/Appeal to various Income Tax Notices issued by the Tax Authorities appearances before Tax Authorities, Income Tax Appellant Tribunal, High Courts and Supreme Court.

Tax Due-Diligence in setting up of a startup, business, filling of various documents to the Government authorities, etc. Even, beside the central issues, due diligence includes a range of tax and regulatory issues such as exchange control.

Personal Taxation Service (Resident or Non Resident) includes advisory on these incomes from the assesse:
– Income from the salary;
– Earning from agriculture;
– Income from house rented income;
– Similarly, income from sale of stocks or mutual funds;
– Employee stock options (ESOP);

NRI Taxation Issues: Income Tax laws that are applied to NRI’s are entirely different from those applicable to resident Indians. The major issues in NRI is double taxation, thereby the NRI has to pay tax on the same income twice in the country of residence of the assesse and India. So, this can be avoided by obtaining a relief from DTAA (Double Taxation Avoidance Agreement) between the two countries. 

Taxations issues in Partnership/LLP firms. Taxation advisory on:
– Firstly, sale of capital assets
– Secondly, tax deductions in capital gains, remunerations
– Lastly, transfer of assets by a partner to the partnership firm and vice versa

Trust Taxations Issues: Setting up of a trust or a NGO requires knowledge of income tax provisions relating to charitable institutions/trust and the exemptions Tax laws.