Direct Tax

Income Tax
We offer full fledged income tax related services to clients regarding the preparation of tax returns for individuals, corporate houses and enterprises. The services offered in this category include:

• Tax Management Services
• Advisory on Income Tax Planning
• Advisory and Review of all necessary tax withholding responsibilities
• Advisory Services for set-up of Special Economic Zone
• Tax Audit u/s 44AB of the Income Tax Act, 1961
• Representation before the assessing authorities for expeditious and timely completion of assessments.
• Registration of Trusts under the Indian Income Tax Act, 1961.
• Filing of Income Tax, Fringe Benefit Tax, TDS and TCS Returns
• Applying and obtaining Permanent Account Number (PAN) and Tax deduction Account Number (TAN)
• Fringe Benefit Tax Services, including advisory services on the calculation and minimization of the Fringe Benefit Tax
• Assistance in availing benefits, exemptions, relief’s, rebates and deductions to minimize the incidence of tax.

Wealth Tax
Wealth tax in India is a direct tax, levied under the Wealth-tax Act, 1957, which is charged on the net total wealth of the assessee. The wealth-tax is to be paid each year on the same property on the basis of its market value, irrespective of whether or not such property yields any income. Chargeability to the wealth-tax also depends upon the residential status of the assessee, same as the residential status for the purpose of the Income Tax Act.

Some of our services include:

• Tax Management Services
• Advisory on Wealth Tax Planning
• Advisory and Review of all necessary tax withholding responsibilities
• Filing of Wealth Tax Returns
• Assistance in availing benefits, exemptions, relief’s, rebates and deductions to minimize the incidence of tax.

Indirect Tax

Service Tax
Service tax is a central tax, which has been imposed on certain services and is the latest addition to the genus of indirect taxes like customs and central excise duty. India, a developing country, was somewhat slow in discovering the potential of this kind of indirect taxation for enhancement of revenue collection and it was the Finance Act 1994 that first introduced the service tax provisions through its Chapter V. Service Tax is collected by Central Excise Department.

Some of our Service Tax related services include:

• Compiling and calculating the net service tax on output services after taking benefit of Cenvat Credits.
• Compiling the data of Cenvat Credits for service tax.
• Preparing & Filing of Service tax Returns.
• Advisory on the issues relating to Service tax.
• Consultancy on the maintenance of prescribed records.
• Tax Planning as regards the minimization of Service Tax Liability