Direct tax consultancy in India involves providing expert advice and strategies to optimize tax efficiency for businesses and individuals. This consultancy forms an essential part of making viable business decisions, helping clients achieve their financial goals. A "result-oriented approach" is adopted, focusing on flexibility, delivery, and value, which enhances the impact of commercially viable decisions and minimizes the tax burden.
Our firm provides comprehensive tax planning and advisory services to assist clients in optimizing their tax liabilities. We develop tax-efficient strategies, advise on the tax implications of business decisions, and structure transactions to minimize tax exposure.
In terms of compliance and reporting, we ensure strict adherence to tax laws and regulations, prepare and file tax returns accurately and timely, and maintain proper documentation to support tax positions.
We also offer representation and litigation support, representing clients before tax authorities during audits and assessments, assisting in preparing and presenting appeals against tax assessments, and providing support during tax litigation and dispute resolution.
Our expertise extends to transfer pricing, where we advise on regulations and documentation, ensure compliance with arm's length pricing principles, and assist in preparing and filing transfer pricing reports.
Additionally, we provide guidance on international taxation, advising on cross-border tax issues, structuring international transactions to optimize tax outcomes, and assisting with compliance under international tax treaties.
The assessment and appeals process under the Indian Income Tax Act involves several steps to ensure accurate determination and collection of taxes. This includes self-assessment by taxpayers, assessment by tax authorities, and the appeals procedure, which progresses through various stages from the Commissioner (Appeals) to the Supreme Court.