Tax Regulatory Services

Tax and Regulatory Services

1
International Tax

International taxation takes in its sweep cross border tax issues pertaining to double taxation, inbound investments etc. Foreign companies have to fulfill numerous obligations under Indian tax laws and assess the tax impact of business process changes and consequent realignment of functions and manage assets and risks from a transfer pricing perspective. We help our clients in the following:

1. Foreign Account Tax Compliance Act (FATCA) advisory
2. Outbound and Inbound tax advisory
3. International tax advisory services
4. Transaction structuring
5. Obtaining lower / Nil withholding tax certificates from revenue authorities
6. International tax dispute resolution
7. Certification of Form 15CB/Filing of Form 15CA

2
Transfer Pricing

Globalisation has ushered in the era of business without borders. Each country tries to balance its national revenue priorities vis-a-vis being an attractive destination for foreign investors. Accordingly, transfer pricing is of paramount importance to multinational corporations operating in India.
Business would ideally like to successfully pre-empt conflict in justification of arm’s length price before the relevant authorities on inter-group transfers. We help our clients in the following:

1. TP certification
2. Assistance in TP documentation for international / domestic transactions
3. TP litigation – assessment
4. Representation before dispute resolution panel and appellate authorities
5. Supply chain management

3
Advisory

Transactional tax costs can be optimized with advance planning and structuring. Business requires reliable tax positions in time. Our experience across diverse industries enables us to assist you with timely and appropriate insights. We aim to work as a business advisor to you, bringing forth the complex matrix of different tax in a simple, understandable and executive manner. We help our clients in the following:

1. Advisory support on specific issues/transactions
2. Transaction structuring
3. Review of contracts

4
Litigation

The risks involved with tax litigation in India not only include monetary aspects and potential penal consequences, but also a strain on productive hours. Any uncertainty regarding business transaction could result in loss of funds, market and business.

We believe that the comprehensive preparation from the initial stages for tax litigation plays a significant role in a successful outcome. We help our clients in the following:

1. Drafting of replies to ‘Show Cause Notices’
2. Drafting of appeals before appellate authorities and tax tribunals
3. Drafting of writs and special leave petitions before High Courts and the Supreme Court of India
4. Appearance before adjudicating authorities, appellate authorities and tribunals
5. Litigation support on a pan India basis

5
Advocacy

Growing the complexities of business, reaching out to policy makers is an important business need. The same involves discussion on a provision of law affecting the business or seeking clarification or requesting for amendment to a redundant provision.
We help the business in making representations seeking amendment in laws or clarifications to:

1. Ministry of Finance, Ministry of Commerce, Government of India
2. Central Board of Direct Taxes, Central Board of Excise & Customs
3. State Ministry of Finance
4. State tax authorities

6
Health Checks

In the present regime of self-assessment, any default on compliance, howsoever inadvertent, could spiral into interest, penalty, litigation costs and bad press. We also understand that the regular tax work in the company, may not allow you an opportunity to identify strategic tax savings opportunities.

We aim to assist you in reviewing such opportunities for tax savings and plugging the non compliance, if any

Our Expert

Vivek Somani is an associate member of The Institute of Chartered Accountants of India and has good experience in handling Statutory Audits of several large manufacturing companies.
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Sakshi Agarwal is a fellow member of the Institute of Company Secretaries of India and a qualified Lawyer.
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