The Indian Taxation system has undergone several reforms, challenging business nationally and internationally. Managing tax complexity to escalate the value of the business is one of the fundamental considerations of major business decisions. Tax services by professionals are required by organizations due to the constant changes in the tax and regulatory environment. Getting clear & correct advice from an experienced income tax consultant helps navigate through this complicated subject.
We, at GBAB provide expert, effective solutions and guidance addressing both domestic and international tax issues.
oCorporate Taxation
§Corporate Tax Returns
§Tax audit as per Income Tax Law
§Tax planning & advisory
§Taxation related certificates 15 CB etc.
§Withholding tax advisory
oIndividuals taxation
§Review of books of accounts
§Preparation & submission of Income tax return
§Tax audit as per Income Tax Law
§Tax planning & advisory
oTaxation of LLPs/Partnership Firms/Trust
§Review of books of accounts
§Preparation & submission of Income tax return
§Tax audit as per Income Tax Law
§Tax planning & advisory
oLitigation & assessment
§Tax representation before assessing officer for assessments
§Appeal proceedings before CIT(A) as well as Income Tax Appellate Tribunal
§Tax briefing and support to external counsel in respect of representation before (ITAT/High Courts/Supreme Court)
§Advisory on litigation strategy and its implementation
§Diagnostic review of litigation history and assistance in litigation risk analysis
§Assistance in evaluating sustainability of tax positions and assistance in remedial actions
oIncome Computation and Disclosure Standards
§Income Computation and Disclosure Standards (ICDS), introduced with effect from 1st April, 2015, constitute one of the significant amendments introduced in the Indian Income-tax legislation. ICDS are applicable for computation of income taxable as ‘Business income’ or ‘Other’ Sources income. These standards provide for some significant departure from Indian Accounting Standards and may lead to material tax implications for taxpayers. In this regard, we provide assistance in examining ICDS having regard to nature of business & transactions of the taxpayers and advising on relevant tax implications.
oTransfer Pricing
§Transfer pricing law was introduced in India in 2001. It deals with curbing tax avoidance by laying down norms for computation of income arising from international transactions or specified domestic transactions (“SDTs”) having regard to the “arm’s length price”. Our Transfer Pricing services offer effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprise or group companies which are as follows:
·Transfer Pricing Analysis
·Selection of the appropriate method
·Benchmarking Analysis
·Assistance in preparation of Transfer Pricing documentation
·Issuance of Transfer Pricing Certificate
·Representing Transfer Pricing Cases before Transfer Pricing Officer/ Appellate Authorities
oInternational Taxation
It is important that all the taxpayers understand the implications as they explore their opportunities and business decisions. Our income tax consultants stay abreast with the frequent changes in the international tax environment providing expert solutions. We offer the following services-
§DTAA advise on cross-border investment & transaction structuring.
§Representations & Litigation Support
§International Tax Planning, Advisory and Opinion.
