TAX ADVISORY
A Tax advisor or Tax consultant is a financial expert specially trained in tax law. Some countries require Tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require Tax advisors to minimize Taxation, to avoid learning the details of tax law in complicated financial situations themselves, or to learn the details of tax law from a professional advisor.
Under Direct Taxation ARK provides Tax consultancy services (thru its sister concern M/s Rajneesh Associates) in the following areas:
•Direct Taxation Services
•Indirect Taxation Services
•Company Law Matters
•Internal Statuary & Tax Audits
•Bank Audits
Tax Consultancy Services For Corporate Clients
With a team of experts in this field of Taxation ARK undertakes the following Direct Tax services for the Corporate clients –
• Day-to-day tax matters which include replying to various tax notices and providing necessary tax support on regular tax matters.
• Management of tax records and reports in both Soft and Hard files including documentation.
• Tax compliance that includes Advance Income tax, calculations and deposits of TDS and further compliances and filing of Returns.
• Compilation of Tax details for Audit
• Providing all important information to statutory auditors or management auditors in relation to tax matters.
• Compilation of Transfer Pricing Documentation and Certification.
• Compilations of Corporate tax returns such as Income tax, Transfer Pricing, Wealth tax and also its e-Filing with the Revenue Department.
• Providing support in the areas of PAN, TAN and Online tax credits
• Providing Tax reports monthly, quarterly, annually to Parent Company according to their formats.
• Compilation of Various details for Tax Assessment such as Scrutiny and Appellate level for Income tax, Wealth Tax and Transfer Pricing.
Personal Taxation Consultancy Services
ARK provides Personal Taxation consultancy services covering the following:
•Personal Tax Consulting.
•Personal Tax Services Compliances that includes compiling and filing of Tax returns.
•Review and assistance in Advance tax computations.
•Representation before the Tax authorities related to Tax assessments, Refunds or other matters.
•Assistance in various tax registrations that includes Permanent Account Number (PAN).
•Management of tax records
•Advisory on tax issues like Capital gains/ Loans/ Tax Investments etc.
Tax Compliances
ARK also undertakes Regulatory compliances such as statutory returns and documents preparations, compilations and e-filings with the Revenue authorities that include the following-
•Tax Audits as per the provisions of the Indian Income tax Laws.
•Preparation and review of Corporate tax returns to ensure the compliances with the Income Tax Act, 1961 and its various judicial pronouncements.
•Preparation and review of the withholding tax (TDS) returns as per the provisions of the Income Tax Act, 1961.
•Seeking Advance Rulings.
•Representations before AO, CIT(Appeals), ITAT, CBDT, Settlement Commission, Authority for Advance Rulings etc.
Tax Representations
ARK undertakes tax representations before the Revenue authorities for Tax Assessments of Income tax and transfer pricing cases and any other such tax matters including appellate matters.
Foreign Remittance Certifications
Advisory from ARK also undertakes consultancy and certification services required for making Foreign remittances according to the provisions of section 195 of the Income tax Act, 1961 or as per Double Taxation Avoidance agreements (DTAA) as per the guidelines of Reserve Bank of India (RBI). The services in this category broadly include:
•Suggestions on the applicability of withholding tax on various foreign remittances as per Indian Income tax Act / DTAA.
•Guidance in matters of issuing Foreign Remittance Certificates under the various provisions of the Income Tax Act, 1961.
•Guidance in the Royalty and Technical know-how workings as per Reserve Bank of India (RBI) guidelines and formats and withholding the tax certification on such remittances.
•Seeking of certificates from the International taxation department for non/lower Deduction of tax at source (TDS).
•Representations before International taxation authorities regarding matters arising out of withholding tax on Foreign remittances.
•Offering assistance in other documentation and remittance support and dealing with authorized dealers regarding Foreign remittances.
•Seeking of certificates from the International taxation department for non/lower Deduction of tax at source (TDS).
•Representations before International taxation authorities regarding matters arising out of withholding tax on Foreign remittances.
•Offering assistance in other documentation and remittance support and dealing with authorized dealers regarding Foreign remittances.