TAXATION ADVISORY

Taxation is a cost which every business needs to consider. However, we help you in optimizing your business in a way as to reduce your tax cost at the same time comply with all the legal obligations. The tax landscape in India is constantly changing and its compliance can become challenging. Today the tax landscape demands realistic and commercially feasible business model as we have umpteen anti-abuse provisions – General Anti-avoidance regulation (GAAR), Base Erosion and Profit Shifting Action Plan (BEPS), Global minimum taxes (GLoBE).

DOMESTIC TAX

We are here to assist you on all direct tax-related matters like tax planning, income tax filling in India, tax assessments, certifications, obtaining approvals, withholding taxes.

Corporate Tax
Individual taxation

– Income Tax Planning and Management
– Corporate restructuring
– Assistance in quarter-wise advance tax computations
– Certifications in Form 15CA, 15CB, 80-IA/80IB/10A/10B
– Preparing tax returns of companies, partnerships, trusts, AOPs/BOIs/HUFs
– Advising & reviewing of all necessary tax withholding compliances.
– TDS/TCS return filing
– Calculation of TDS on salaries paid to the employees, filing TDS returns in Form 24Q, Issuing Form 16
– Obtaining lower withholding tax certificates
– Obtaining Tax Residency Certificates

– Preparation of computation of income & filing of income tax returns of various individuals
– Advisory on Taxation of Employees sent on secondment basis.
– Income Tax Planning and Management
– Assistance in quarter-wise advance tax computations
– Certifications in Form 15CA, 15CB, 80-IA/80IB/10A/10B
– Advising & reviewing of all necessary tax withholding compliances.
– TDS/TCS return filing
– Obtaining lower withholding tax certificates
– Obtaining Tax Residency Certificates
– Succession Planning

INTERNATIONAL TAX

India has been a favourite destination for foreign investment. At the same time, the Indian corporates are looking out to expand overseas. The image of India as a capital importing country has been changed to a capital exporting country in recent times. This brings interaction of tax laws of several countries and interplay of tax treaties. Therefore, it becomes imperative to understand the tax implications of cross-border transactions. We offer advisory on inbound as well as outbound investments ranging from structuring to deal advisory to implementation.

Inbound Investment Advisory
Outbound Investment Advisory
Transaction Advisory
Digital Taxation

India is a favourable destination when it comes to foreign investments as it provides tremendous opportunities for the businesses. The foreign investors essentially look out to select right business vehicle for starting their business operations whether to incorporate a new company or carry the operations through a branch or acquire existing company.
We assist the foreign investors in selecting the right strategy by understanding their requirements and provide the following services:

Assistance in choosing the right business vehicle (Company vs LLP)
Assistance in determining the entry strategies (incorporation of structure in India vs branch of foreign company vs acquiring already established businesses)
Suitable structuring of the business including identifying the suitable jurisdiction for investing in India by examining the domestic tax laws of the countries and tax treaties
Advice on taxability on Liaison Offices, Branch Offices and Project Offices
Suggesting the appropriate capital mix (equity, debt etc.).
Analysing the FDI requirements, obtaining RBI approvals
Devising suitable profit and cash repatriation strategies
Transaction advisory for the optimal tax cost
Permanent Establishment analysis including advise on the ways to avoid the exposure
Drafting / reviewing contracts such as share purchase agreement, share subscription agreement, shareholder agreement, non-compete, related party arrangements, structuring escrow arrangements
Due diligence support in case of acquisition of the existing business
Ongoing tax and regulatory compliance’s etc.
Advisory on Place of Effective management and ways to mitigate it

Indian corporates look out for overseas expansion of their business. However, due to new geographical and regulatory requirements, a support is needed for their operations. We offer assistance to the businesses as Indian companies look out for global growth and investments. We have a network of partners in key overseas locations including US, Canada, UK, Europe, Middle East, Singapore, Australia etc to work along with us to provide extensive support to our clients.

Tax optimal jurisdiction analysis
Compliance with Overseas Direct Investment regulations
Capital structure
Tax efficient repatriation of profit and cash
Due diligence
Drafting / reviewing contracts
Optimum structure options based on the regulations of the foreign country
Exit strategies

Analysis of Royalty and service contracts to determine the taxability by analyzing the Indian Income-tax Act, 1961 and the Double Taxation Avoidance Agreements
Advisory on applicability of Equalisation levy and Income-tax
Advisory on business structuring/re-structuring in light of Multi-lateral instrument, General Anti-avoidance regulation, BEPS
Advice on Inter Company charges and the direct tax and indirect tax impact on them
Residency and Emigration planning & investments

The new age is witnessing digitalisation in every sphere and emergence of new business models. Businesses are relying more and more on technology and transforming the ways of doing business. The world has moved from physical stores to e-stores, from cash payments to digital payments and now with crypto-currency. The tax and regulatory framework is continuously evolving to keep pace with the technological developments. We have equalisation levy, significant economic presence, unified approach. We understand your business models and transactions and advise based on the regulatory and tax framework.

Advisory on Equalisation Levy implication
Advisory on Significant Economic Presence
Advisory on OECD Pillar 1 Unified Approach
Global Minimum Tax implication
Advisory on Digital Service Taxes in other jurisdictions
Advisory on tax efficient structuring of transactions
Compliances in relation to filing Equalisation Levy Returns

TRANSFER PRICING

Transfer Pricing has become an important function of a global organisation due to increased reliance on inter-company transactions. The transfer pricing is one of the highly litigative area in India and the tax authorities examine the inter company transactions closely. A business needs to have a robust transfer pricing policy which is commercially realistic and sustainable to withstand scrutiny. We assist you with the development of TP policy prior to the transaction, to carry out benchmarking analysis, and maintain TP documentation:

– Development of TP policy by undertaking organizational structure, performing functional analysis, understanding transaction
– Mitigation of Transfer Pricing Risks
– Undertaking Transfer Pricing study
– Local transfer pricing compliance documentation for international transactions and specified domestic transactions
– Assistance in obtaining of an Accountant’s Report in Form 3CEB
– Master File and country-by-country (CbC) reporting
– Assistance in preparing profit attribution studies
– Assistance in preparing global transfer pricing policy document
– Representation before Dispute Resolution Panel.
– Assistance in relation to Safe Harbour application

GOODS AND SERVICE TAX

GST is an important component of tax costs for a business. There is always confusion regarding the applicability of GST on a particular service, especially in a cross-border transaction. With experience in GST, we offer the following services:

– Advisory on GST laws
– Assisting on classifications of the transactions under the correct HSN/SAC code
– Determining the place and time of supply for the purpose of identifying the applicability of GST
– Preparation and review of tax invoices, bill of supply, credit and debit notes
– Computation and payment of taxes
– Monthly reconciliations
– GST return filing
– GST registrations
– Determining input credit on inputs, input services and capital goods
– Determining applicability of reverse charge
– Determining GST refund, filing application and follow-up for refund

How we help people in solving issues?

To provide the best quality of advisory service we follow 6 “C” approach, an in-house developed methodology that helps us to obtain desired results. That includes

Collating Subject Information

We set-up meeting with client first to understand the subject matter and problem statement.

Creating Premises

We align the understanding of the subject matter and issue with client to identify the best solution feasible.

Consenting Engagement

We formalize the terms of engagement and expected outcome with client to deliver the client expectation.

Collobrative Research

We perform necessary in-house research and external consultations. In-house research is carried out by our expert teams specialized in that domain.

Concluding Outcome

We present the conclusions and solution to the client based on our research and procedures, which is most feasible.

Continuous Improvement

We obtain feedback and understand the additional needs to clients to continuously improve the solution.