Direct Tax & FEMA

India’s taxation system is perceived to be the most complex globally. With the direct taxation laws in India constantly amending to reflect the changes in the economy and policy of the government, handling tax function in most companies can be challenging. Our tax function addresses complex issues, making sure you can operate confidently in today’s disruptive landscape.
Compliances & Regulations

  • Assisting in obtaining necessary registrations with tax authorities
  • Assisting in preparation and advise on advance tax payments and optimisation
  • Preparing and filing of annual corporate tax returns
  • Preparing and filing of overseas entity tax returns in India
  • Assisting in preparation and filing of withholding tax returns
  • Assisting in obtaining lower deduction certificate & other statutory certificates under law
  • Assisting in filing other returns under Income tax and FEMA
Advisory & Structuring
  • Advisory on various domestic and international tax matters including cross-border transactions
  • Advisory and planning to optimize capital structure and debt equity ratio
  • Evaluating the legal positions adopted & suggesting relevant changes
  • Reviewing applicability of ICDS and related disclosures
  • Advisory on withholding tax obligations on payments to residents/non-residents
  • Reviewing contracts and agreements in order to identify the Direct tax impact
  • Tax minimisation and optimisation strategies, availability of tax deductions, etc. and other tax planning ideas
Due Diligence & Health Check

  • Review statutory returns and records
  • Identify and report exposures and non-compliances related to direct tax laws
  • Conduct elaborated and amplified due diligence of direct tax function
  • Review pending litigation issues & point of concern
  • Report on material tax exposure due to non-compliance relating to direct tax laws
  • Carry out diagnostic health check analysis from direct tax perspective
Representation & Litigation

  • Advisory on litigation strategy and its implementation
  • Assisting in representation services before the relevant authorities during investigations and audit
  • Assistance in drafting and filing replies to notices, appeals, etc.
  • Tax briefings and support to the external counsel in respect of representation before ITAT/ High Courts/Supreme Court
  • Tax litigation support before Tax Commissioner (Appeals, Dispute Resolution Panel and ITAT)
  • Assistance in preparation of advance ruling application and providing support for representation before the Authority for Advance Rulings (AAR) for settling a tax position
International Tax & Transfer Pricing

  • Inbound and Outbound Investment advisory including entity set up Holding company structures
  • Advisory on International tax treaties and foreign tax systems/implications
  • Applicability of BEPS and GAAR for international tax structures Advise on equalisation levy and other forms of digital payments such as cloud computing, etc.
  • Advisory on BEPS rules and the multi-lateral instrument entered in to by India Foreign
  • Remittance Certificates (Form 15 CA & 15 CB) & other relevant forms
  • Advisory on cross-border tax challenges with respect to investment and transaction structuring
  • Assisting in developing and implementing commercially sensible and fiscally efficient TP policies
  • Assisting in the preparation of contemporaneous documentation in a timely manner as required under the Indian Transfer Pricing regulations
  • Conducting Transfer Pricing audits and providing Transfer Pricing reports
  •