A tax is a compulsory payment or contribution made by the person to the government for the general benefit of the country. There are two main systems of taxation levied by the government which are direct and indirect taxes. Direct Tax is Income Tax and Indirect tax on the other hand is GST. Thus, taxes of all form could be levied to achieve national goals such as economic stability, equity, economic growth and protectionism. It could as well be employed to mobilize revenue into the nation coffers as reserves.
In simplest words, paying taxes on time and in prescribed formats is TAX Compliance.
Guidance on Tax implication by analysing in a holistic way and from 360 degrees perspective proactively is TAX Advisory.
Dispute between the person and the Revenue authorities is TAX Litigation which include pre-court assessments, reassessments, revisions, court orders and appeals.
TAX Compliance has its own importance as there are financial Consequences of Not Paying the Tax on time viz imposition of huge penalties & interest and other non financial consequences viz prosecution .
The Indian Taxation system has undergone several reforms, challenging business Nationally and Internationally. Calling for Professional services have become utmost requirement due to the constant changes in the tax and regulatory environment. Even major business decisions are dependent upon tax complexities. Correct Professional advice provides effective solutions and helps to smoothen the business challenges.
Undergoing tax litigation dispute is one of the most challenging times for any organization, particularly because of the continuous evolving uncertainty and the high stakes involved. Therefore, it is of utmost importance that the tax litigation is handled by professional experts who can navigate disputes tactfully and seamlessly.
We, at Anil Bajaj & Associates provide expert, effective, efficient solutions and guidance addressing both domestic and international tax issues under the four corners of law. Our Tem of expert professionals assist in good governance of Tax laws, advise the clients holistically with a view to mitigate risk complexities and resolve tax litigation technically and strategically.
We offer following services in field of Direct Domestic, International Taxation and GST.
Direct taxation in India is administered by the Central Board of Direct Taxes or the CBDT which is the part of the Department of Revenue in the Ministry of Finance. It also provides inputs and suggestions for policy and planning of the direct taxes in India. Direct Taxes in India is mainly Income Tax which is governed by provisions of Income Tax Act, 1961as amended by Finance Act each year.
We at Anil Bajaj & Associates provides following services with regard to Domestic Direct Taxation:
– Quarterly TDS Return Filings
– Corporate Tax Return Filings
– Advance Tax Computation
– MAT Computation & Filings
– Applicability of Withholding Tax
– Expatriate Taxation
– Core Tax Planning
– Transaction advisory
– Strategy Formulation
– Tax Assessment & Re-assessment
– Tax Appeals, Stay & Revision
– Writ Petition and SLP
– Search, Survey and Investigation
– Penalty & Prosecution Proceedings
– Transfer Pricing Assessment
– Advance Ruling and DRP
– Quarterly TDS Return Filings
– Corporate Tax Return Filings
– Advance Tax Computation
– Transfer Pricing Report
– MAT Computation & Filings
– GST Computations
– GST Return Filings
– GST Structuring & Planning
– Transactional GST Applicability
– Transaction advisory
– Strategy Formulation
– Assessment & Audit
– Advance Ruling
– Appeals, Stay & Revision
– Writ Petition and SLP
– Search, Survey and Investigation
– Penalty & Prosecution Proceedings
– Company/LLP Incorporation
– Companies Act & other Corporate Law compliances
– ROC Filings
– Corporate Structuring & Planning
– Transaction advisory
– Strategy Formulation
– Amalgamation, Merger & Demerger
– Winding up
– Secretarial Audit & Due Diligence
– Representation before MCA / NCLT
– SFIO Proceedings
– Project Funding, Working Capital Finance and Private Equity Services
– Complete assistance to Start Ups
– Intellectual Property Right Matters
– Opening and Closure of Liaison office in India
– Book Keeping and Payroll Management
– Various Certifications under different Statutes
– Registration and compliances under Shops and Establishments; Provident Fund; ESIC and Professional Tax
– Valuation of Shares/Business
– Assistance in Civil and Criminal matters/complaints
– Software Solutions
– HR Support Services
– Project Support
– Wealth Maximization