Taxation – India and USA

Corporate Tax Planning

• • Identifying opportunities to effectively manage your business taxes and tax risk
  • Reviewing the effectiveness of your business structures
  • Advising you on the tax implications of proposed transactions
  • Assisting you on reorganisations of your business
  • Reviewing shareholders agreements.

 

India Direct Taxation – Day to Day Compliance

• Advising on Tax Planning in order to reduce tax burden in India (Regularly).
• Preparation of draft computation of Income and finalization (Annual).
• Preparation and filing of Corporate Tax Return (Annual).
• Calculation of Advance Tax payment (Quarterly).Corporate Compliance

 

India Withholding Tax – Day to Day Compliance

• Routine Advisory in respect of commercial transactions in terms of applicability of tax withholding including DTAA (Regularly)
• Verifying compliances in respect of tax withholding for non-salary payments (monthly)
• Preparation of tax challan and deposit of taxes with Income tax authorities (monthly)
• Preparation and filing of quarterly returns with Income tax authorities of Withholding Tax (Quarterly)
• Issue of Form 16A to vendors (Quarterly)

 

India GST (Indirect Taxation) – Day to Day Compliance

• Verifying compliances in respect of GST including reverse charge mechanism (monthly).
• Verifying availability of GST credit (monthly)
• Performing reconciliation of GSRT 2A / 2B with Books of Accounts
• Computation of monthly liability of tax and deposit of the same with tax authorities (monthly)
• Preparation and filing of Monthly return (GSTR 1 and GSTR 3B) of with tax authorities (Monthly)
• Applying for GST Refund Processing if any.

 

Tax Assessment and Litigation Assistance

• • Representation before assessing officer in regular assessments (Income Tax and GST), re-assessments, Transfer Pricing assessments, etc
  • Representation before Commissioner of Income-tax(Appeals) & Income Tax Appellate Tribunal (ITAT), Authority for Advance Rulings (AAR), Commissioner of GST (Appeal).
  • Representation before Investigation wing in search and seizure cases
  • Representation and Support in Investigation Matters including Foreign assets investigations, investigations based on information received from Foreign institutions, investigations w.r.t Suspicious Transaction Report (STR) etc.
  • Preparation of legal and factual submission for filing and virtual representation before E-Assessment Authorities in regular assessments, re-assessments etc.
  • Preparation of legal and factual submission for filing and virtual representation before E-Appellate Authorities in matters pending before CIT(A).

 

Transfer Pricing

• • Providing Transfer pricing consultancy on regular basis.
  • Advising on the Master file and Country-by-Country (‘CBC’) reporting applicability and the requirements.
  • Carrying out Transfer Pricing benchmarking study for International transactions and submission of report thereon.
  • Assistance in preparation and filing of Master file and CBC report (Form 3CEAA, 3CEAB, 3CEAC, 3CEAD and 3CEAE)
  • Preparation, certification and issue of Transfer Pricing Certificate (Form 3CEB).

 

US Taxation

• • Federal Individual Tax Returns (Form 1040 including Single-member LLC’s Schedule C, Schedule E, 1041,1040EZ, 1040NR, 1040A and 1040X and others)
  • Federal Company Tax Returns. (S-Corp returns Form 1120S, C-Corp returns Form 1120, 1120E)
  • Federal Partnership Return (Form 1065)
  • Tax Exempt return (Form 990, 990-EZ, 990-PF, 990-W, 990-T)
  • State Income Tax Returns
  • Filing of State Annual Returns with SOS/ DOR
  • Sales Tax Returns of approximately 30 states
  • Payment of Payroll Taxes and filing of return (Form 940, Form 941, Form 941X) along with corresponding state payroll taxes and returns
  • Filing of Form 1099 and W-2
  • Filing of FBAR
  • Filing of Form 8832 for S-Corp Election
  • Various other forms such as SS-4, W-7, 4562, 5471, 8582, 8804, 8805, 1116, 2553, 2441, 2555, 4868, 7004 and others
  • Supporting on penalty notice from IRS