Direct Taxes
Direct taxation in India broadly refersto the Income Tax and Wealth tax laws which
involve personal tax, corporate tax, minimum alternate tax, capital gains tax,
international tax and transfer pricing.
We offerservices in each of the above mentioned areas of tax and regulatory
compliance.
Tax Strategy and Compliance(Direct as well as indirect taxes)
Our endeavour is to formulate an ideal tax strategy for our clients which is compliant with
the law, legitimately reduces the tax bills and yet is not prone to invite litigation.
Our specialist tax partners have a responsibility to ensure that the clients tax bill is optimised
and they do not pay any unnecessary taxes. This involves a complete understanding of the ever changing tax laws which offer innumerable tax optimisation opportunities in the form
of deductions, exemptions and claims for losses and expenses. Coupled with an intimate
understanding of the clients business and structure the potential tax strategies are
formulated, discussed and finalised to minimise the tax bills and having said so, we also
recognise the fact that the tax strategy should not be overly aggressive and should not
increase clientstax risks so as to plunge them into protracted litigation
Our tax teams constantly monitor the development of jurisprudence, the statutory
pronouncements and the amendments in tax laws which invariably have far reaching
consequences on the clients’ tax strategies. Our knowledge plays a pivotal role in tax
planning, advisory and compliance services.
Our regulatory compliance services ensure that the clients attain a high level of stringent tax
law compliances.
Tax Representation
We provide representation services to clients at all levels of tax hierarchy ranging from
assessment to administrative and appellate stages. We have competence and resources to
serve clients at all levels of appellate stages ranging from Appellate Commissioners,
Dispute Resolution Panel, Income Tax Appellate Tribunals. We also provide services relating
to obtaining rulingsfrom Authority for Advance rulings.
Transfer Pricing
Transfer pricing is a relatively new but fast emerging field. Transfer pricing is a
complex subject and impacts every area of business – ranging from associated party
purchases, sales, financing instruments, loans, investments, marketing, distribution, use of
tangible and intangible assets, etc.. Multinationals are perceived to be potentially capable of
shifting their profits from high tax jurisdictions to low tax jurisdictions with the objective of
reducing global tax liability. On this premise the tax regulators view the international
transactions between associated enterprises with a lot of scepticism and are able to raise tax
issues which have huge tax ramifications. Our tax team offer advisory services on transfer
pricing documentation which are regulatory compliant. Besides, we also render services in
areas of transfer pricing study and statutory reporting and representation before the transfer
pricing officer.
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