TAXATION

In today's complex financial and business world, everyone needs reliable, professional accountancy and taxation help managing their personal and business finances.

Not only it is necessary to ensure that everything is accounted for in compliance with the various statutory requirements, it is also important to make the most of every opportunity to maximize your income and minimize your Tax Liability by claming various exemption & deductions.

The 'Tax Quiche'...

... and how to keep as much of it as possible for you and your family

Tax planning is all about understanding the personal and business taxes you are liable to pay, and looking at ways to minimize them. In this way, you can help maximize your net income, creating opportunities to save for the current and future needs of your family and your business.

Tax seems to be taking an ever-increasing slice of the nation's income.

Our 'tax pie' diagram (right) shows how your wealth can be diminished by both taxes out of income, and those taxes payable on amount receivable on death or a capital transaction, leaving one slice for you to spend or save. If you wish to ensure that this slice for your personal use is as large as possible, then we can help you.

Albert Einstein once famously said that 'the hardest thing in the world to understand is income tax'. But don't let complexity deter you from a simple goal: keeping your taxes as low as possible.

As accountants our role includes not only preparing financial statements and tax returns but also working with you to ensure that both the periodic taxes and the taxes out of income are at the lowest possible level and are duly paid on time. This is one of the way to retain the biggest slice of your wealth to spend or save.

We can help you in:-

• making the most of tax-free opportunities

• Keeping tax rates as low as possible across the family
• developing a plan for tax-efficient profit extraction
• keeping business taxes to a minimum
• minimising the tax on the sale/merger/de-merger/acquisition of your business
• a tax-efficient remuneration package
• reducing the cost of company cars and electronic equipments
• Identifying tax-efficient savings Schemes
• reducing the tax on your estate
• minimising tax on gifts
• planning to reduce capital gains tax
• planning to minimise VAT liabilities
• planning to minimize FBT liabilities

Our Taxation service includes a wider range of services provided for individuals of different backgrounds as per their needs:-

tax consultants services for Resident Indians:

• To obtain Permanent Account Number (PAN) and TAN number online.

• Specific advice on taxation
• Tax Audit
• Filling of Income return for all streams of Assesses
• To follow up income tax refunds.
• Rectification & revision of income tax orders.
• Representation before Income Tax Authority for Scrutiny Cases.
• To get the clearance certificate for going abroad
• Quarterly return for TDS/TCS in electronic form
• Consultancy in TDS matters
• No TDS/ TCS Certificate.
• Certificate for claiming Export exemption
• Registration of trust for charitable purposes
• Advance tax computation
• Obtaining advance Ruling
• Tax planning
• Other Compliances as per Income Tax Act.

Tax consultant services for Non-Resident Indians (NRI)

The Non Resident Indians (NRIs) need information and guidance in relation to legalities and procedures as to the assets held in India and taxation of income and profit/gains on sale of assets. This is specifically related to following:

• Regulations as to operating bank accounts, repatriation of Income earned in India and special RBI schemes for returning NRIs.

• Regulations as to investments in shares and debentures, mutual funds government securities and bank deposits and its taxations.
• Procedure to for purchase and sale of immovable properties in India and renting them out.
• Procedure to file return of income and obtain tax exemption certificate and Permanent Account Number.
• Replies to any queries on Indian Taxation, Foreign Exchange Management Act FEMA) and Reserve bank of India procedures and approvals.
• Certification for repatriation.

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