Direct Taxes:
- Income Tax: Levied on individual and corporate income.
- Corporate Tax: Specific to companies.
- Capital Gains Tax: On profits from the sale of assets or investments.
- Minimum Alternate Tax (MAT): Ensures companies pay a minimum amount of tax.
Indirect Taxes:
- Goods and Services Tax (GST): Comprehensive tax on the supply of goods and services, subsuming various indirect taxes.
- Customs Duty: On imports and exports.
- Excise Duty: On the manufacture of goods (largely subsumed under GST).
Tax Planning and Advisory:
- Tax Planning: Strategies to minimize tax liability legally.
- Advisory Services: Guidance on complex tax issues, transactions, and regulatory changes.
Tax Compliance and Filing:
- Income Tax Returns (ITR): Preparation and filing for individuals, businesses, and trusts.
- GST Returns: Regular filing of monthly, quarterly, and annual returns.
- TDS Returns: Filing returns for Tax Deducted at Source.
- Advance Tax Payments: Calculating and paying advance tax installments.
Representation and Dispute Resolution:
- Tax Audits: Representation during tax audits by authorities.
- Litigation Support: Assisting in tax disputes and appeals before tax authorities and courts.
- Settlement of Tax Disputes: Negotiating settlements and dealing with tax demand notices.
Transfer Pricing:
- Documentation and Compliance: Ensuring transactions between related parties are at arm’s length.
- Transfer Pricing Study: Analysis and documentation of transfer pricing policies.
Tax Incentives and Exemptions:
- Advising on Incentives: Identifying and availing of tax incentives and exemptions available under various government schemes.
- Sector-Specific Benefits: Tax benefits specific to certain industries such as SEZs, start-ups, and MSMEs.
International Taxation:
- Double Taxation Avoidance Agreement (DTAA): Advising on DTAA benefits.
- Cross-Border Transactions: Tax implications and compliance for international transactions.
- Foreign Direct Investment (FDI): Tax advisory on FDI regulations and compliance.
Regulatory and Compliance Updates:
- Staying Informed: Keeping clients updated on changes in tax laws, regulations, and compliance requirements.
- Training and Workshops: Conducting sessions on new tax laws and compliance strategies.
Technology and Automation:
- E-Filing and Digital Tools: Utilizing technology for efficient tax filing and compliance.
- Tax Software: Implementation and support for tax management software.