Corporate law India - New Delhi

A holistic approach of any transaction can be achieved only by examining both direct and indirect tax implications of such a transaction. We as a firm provide a wide plethora of services as detailed below in the field of both direct and indirect taxes:

A CONSULTING & ADVISORY

Direct Taxation

Withholding tax and tax collection at source provisions on particular expenses/payment made by a Company

Corporate tax implications of a Company

Computation of total income and advance tax liability

Tax compliance in relation to expatriate employee of a Company

Obtaining Advance Rulings in case of proposed transactions in order to evaluate the tax consequences of the proposed transaction

Taxability of various assets appearing in the accounts maintained by a Company vis-à-vis provisions of Wealth Tax Act 1957 and computation of total wealth taxes payable thereon, alongwith related annexures

Indirect Taxation

Job-work arrangement, Valuation, Cenvat Credit, applicability/availability of exemptions/benefits under Central Excise

Value Added Tax rates, exemptions/concessions, input tax credit and essential conditions for availing the same

Computation of input tax credit (including Works Contract) available for setting off against Value Added Tax liability

Applicability of Service tax on output service transactions and respective classification

Service tax exposure under the reverse charge mechanism

Eligibility for Cenvat credit and computation of Input tax credit available for set off

Customs duty charged on imported plant and machinery and other goods and exemptions/concessions available under Project Import Regulations, International Competitive Bidding etc

Due Diligence Reviews examining direct tax and indirect tax exposures

Procedures involved in setting-up of Special Economic Zones, Export Oriented Units and key benefits and concessions available to developers of Special Economic Zones
Updating on the case laws/ amendments / notifications / clarifications etc. issued by the Department, CBEC and various judicial bodies

B COMPLIANCE

Obtaining Permanent Account Number and Tax Deduction Account Number

Preparation and filing of corporate income tax return in the prescribed form

Compliance of withholding tax obligations on rental payments, commission, payments to contractors, professionals, payments to non-residents etc. under the Act

Preparation of tax deposit challan (Form 17) containing details of the parties of whose TDS has been deducted

Review and file quarterly and annual withholding tax returns to be submitted to the tax authorities in respect of taxes withheld in the prescribed formats [Form 24C/26Q/27Q/27EQ]

Preparation of withholding tax certificates [Form 16A/Form 27D]

Filing of Form 15CA with the Reserve Bank of India/Authorized Dealers in relation to payments made to Non Residents

Obtaining Importer Exporter Code Number or obtaining amendment of the existing Importer Exporter Code and an import licence under the Foreign Trade Policy

Preparation of periodical returns under Central Excise duty/Value Added Tax/Central Sales Tax/ Works Contracts/Service tax

Works contract withholding requirements

DGFT Compliance

C TAX LITIGATION

Assist in providing reply to any clarification sought by the assessing officer

Assist in replying to any summon / Show Cause Notice issued by the assessing officer

Assist in preparation of assessment of Corporate Tax/Value Added Tax/Central Sales Tax including Works Contract

Representation and appearing before Supreme Court, High Courts of various States, lower courts and other judicial bodies, quasi-judicial authorities including DGFT, DGAD and tribunals including CESTAT, ITAT, and civil and commercial arbitration, conciliation, mediation etc.

Drafting of Appeals, Counter Affidavits and Written Submissions for the matter before Supreme Court, High Court of various states, Tribunals etc