TAX – No Problem… That’s Our Business!!!

Direct Tax is the tax, which is paid straightforwardly to the government by the persons on whom it is obligatory. It could not be shifted onto others. The appropriate examples of direct taxes are property tax and income tax. Direct tax is frequently accompanied by a tax return filing by the taxpayer.

Underneath Direct Taxation, we offer tax consultancy services in the subsequent areas: -

• Direct Tax Services
• International Taxation
• Double Taxation Avoidance Agreements
• Fringe Benefit Tax

Tax Consultancy Services for Corporate Clients

With comprehensive functional know-how of ERP (enterprise resource planning), undertake Direct Tax services for corporate clients. Our tax services for corporate clients comprise : -

• Compilation of tax details for audit as well as full support to the auditors.
• Management of tax records and reports in both Soft as well as Hard files comprising documentation as per SOX.
• We give support in the areas of PAN, TAN, and Online Tax Credits view also.
• Day-to-day tax matters, which comprise replying to varied tax notices and giving essential tax support on daily tax matters.
• We offer tax reporting on well-defined frequencies such as monthly, quarterly, annually to Parent Company as per their formats.

• Tax compliance that contains latest Income tax and Fringe Benefit Tax (FBT) calculations and deposits, TDS compliance and filing of returns.
• We assist in the compilation of Transfer pricing documentation as well as certification.
• Compilation of several details for Tax Assessment purposes such as Scrutiny as well as Appellate level for Transfer pricing and Income Tax.
• We help and lead in the compilation of corporate tax returns such as Wealth tax, Income tax, and FBT, and also it’s e-Filing with the revenue division.
• We provide all the essential information to management auditors or statutory auditors in relation to tax matters.

Personal Taxation Consultancy Services

We provide personal taxation consultancy services like tax compliance and advisory services, personal tax planning, and personal tax consultancy services, which cover the following : -

• We help and lead in getting several tax registrations that covers Permanent Account Number (PAN).
• Personal Tax Consulting.
• Advisory on tax issues like tax investment / loans / capital gains, etc.
• We provide review as well as backing in latest tax computations.
• Management of tax records in Soft as well as Hard forms.
• Personal Tax Services Compliances that covers filing as well as compiling of Tax returns.
• Representation before the Tax authorities related to tax assessments, reimbursements, and other related matters.

Tax Compliances

We undertake Regulatory Compliances such as statutory returns as well as documents preparations, compilations and e-filings along with the income authorities that comprise the following : -

• Looking Advance Rulings
• Tax Audits according to the provisions of Indian Income tax Laws
• We help and lead for the preparation and review of the withholding tax (TDS) returns according to the provisions of the Income Tax Act, 1961
• We assist in the planning, organizing, preparing, and reviewing of corporate tax returns to make sure the compliances with the Income Tax Act, 1961 and the varied judicial pronouncements.

Tax Representations

We undertake tax representations before the income authorities for Tax Assessments of Income tax and relocate pricing cases and any other such tax matters.

Foreign Remittance Certifications

Besides, we undertake consultancy as well as certification services needed for making foreign remittances as per the provisions of section 195 of the Income tax Act, 1961 or as per Double Taxation Avoidance agreements (DTAA) according to the guidelines of Reserve Bank of India (RBI). The services of this category extensively comprise : -

• Representations before International taxation authorities related matters arising out of withholding tax on foreign remittances.
• We help in several matters of issuing Foreign Remittance Certificates underneath the several provisions of the Income Tax Act, 1961.

• We assist in looking of certificates from the foreign taxation division for non / less deduction of tax at source (TDS).
• We provide expert suggestions on the applicability of withholding tax on several international remittances according to the Indian Income tax Act / DTAA.
• We support in other documentation as well as remittance support and dealing with authorized dealers related international remittances.
• We assist and lead in the Royalty and Technical know-how workings as per RBI (Reserve Bank of India) formats and guidelines and withholding the tax certification on such remittances.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.