TAXATION
Tax compliance and tax optimsation are two core words today for any business as it can make or break a company in certain case. One of the examples of this is Toys R Us, one of biggest toy had £15 million in unpaid taxes which was one of the factors forcing it into liquidation. Unpaid taxes is considered as operational debt and Tax authorities can initiate insolvency proceedings through application before NCLT. India's tax system has multiple taxes in the forms of Customs , GST, VAT in case of Petrol / Diesel, Income tax , each component of which has to be dealth with by businesse. Any error in this leads to long term and sometimes costly impact on business.
Transactional Advisory
Our Transaction advisory team with its vast expertise in handling the various laws support and provides appropriate advice on
- Classification and Taxability
- Tax rates
- Value at which a transaction is taxed
- Tax impact on Related party transactions
- Procedures to be followed
- TDS to be deducted
- Advice on Benefit available to tax payers like Export benefits like Duty drawback , benefits on R&D Expenditure under Income Tax Act etc.
Client Representation Services
- Our Expert Team helps our clients in navigating various notices issue by the tax authorities, DRI in case of Customs by reviewing the notice, Appearing on behalf of or jointly with the clients and close the relevant proceedings.
- Our support extends to appeals against the orders and filing Writ petitions in High Courts wherever relief sought is not available in the Act.
- These services are provided through our Associate Lawyers who have good standing in the courts.
We support our clients on all direct and Indirect Taxes.