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Tax

Tax planning, preparing & filing - efficiently

We analyse the tax implications of events and decisions, and we advise proactively

Income tax laws in our country are complicated. Compliance with tax laws can be overwhelming. With so many important details to consider, it's easy to make an error or omit something which could end up as a penalty, fine, or unwanted problem. We support you with tax planning, preparation and filing needs while remaining compliant with the continuously changing tax laws and regulations. The business economics of the company and the strategic choices of the business owner are the main focus, but the tax context is never absent.

Government has reduced tax burden on small traders and businessmen

In case of small traders, manufacturers, retailers and other business doing turnover of up to Rs 2 Crore per annum, adopting the provisions of section 44AD, income is computed on presumptive basis at the rate of 8% of the turnover or gross receipts of the eligible business for the year or 6% of the turnover or gross receipts of the eligible business for the year, if turnover/gross receipt is received by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account. Such tax payers need not maintain books of accounts.

Professionals too can avail presumptive tax benefits & file their taxes conveniently.

In case of specified professionals earning gross receipts of up to Rs 50 lakhs per annum, adopting the provisions of section 44ADA, and income is computed on presumptive basis at the rate of 50% of the gross receipts of the eligible profession. Such professionals need not maintain books of accounts. Deduction such as under 80C ie provident fund, insurance premium, children tuition fees, specified investments, housing loan principal, etc can be availed. Similarly interest on housing loan can also be claimed as deduction.

Globalization presents tremendous opportunities for business, & also significant challenges.

The pricing of goods and services within a multi-divisional organization, particularly in regard to cross-border transactions, has emerged as one of the most contentious areas of international tax law. Transfer pricing issues arise when entities of multinational corporations resident in different jurisdictions transfer goods or provide services to one another. These entities do not deal at arm's length and, thus, transactions between these entities may not be subject to ordinary market forces.

Expatriate and non-resident taxation is a critical but complicated subject, but we make it simple & easy.

When an expatriate, i.e. a foreign citizen works in India, his entire salary-related income is subject to tax in India, even if it is paid outside India. Expenses incurred by an employer in moving an expatriate to and from India and home-leave airfares are not considered taxable income in India. Similarly, payments made in an expatriate's home country as retirements benefits are also not considered as income earned in India. Expatriate taxation is a complicated subject and one needs to consult professionals to be on top of expatriate tax obligations in the country.

GST affects your business more than you think & that why it is critical to seek expert help

The complex GST laws implemented in India affects every business. GST, being one of the largest tax reforms in India needs expert and professional approach at macro and micro levels. It is important to develop a relationship with a firm that understands how your business works and how it impacts your GST. As GST experts, we make sure you stay on top of your GST obligations. We work with you to undertake comprehensive review of your business operations, help you to identify tax planning opportunities.

 
     
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