Tax & Accounting compliances


  • 1 hour

Service Description

Every company running a business in India is mandatorily required to declare business performances periodically & pay taxes accordingly. Accounting helps you keep a track of your financial activities, which is not only crucial information for the management & shareholders of the company, but also helps determine the amount of tax payable by you.  TAXATION • DIRECT TAXATION o Review of business structures and advisory on strategies to reduce the tax burden o Assistance in preparation and filling of returns for taxes withheld o Review of the computation of advance and self-assessment tax to ensure compliances, as well as to advise on avenues to minimise the tax liabilities o Preparation and filling of annual tax returns o Assistance in preparation and review of the ICDS disclosures o Conduct due diligence reviews from a direct tax perspective o Assistance in drafting responses to notices, enquiries, and other liaison with the tax authorities o Liaison with the income tax authorities for rectification, assessment, obtaining refunds etc. o Drafting factual and legal submissions for Income tax appeal before the appellate authority o Providing technical services by way of representations before the tax authorities including CIT (A), ITAT, Settlement Commission and Dispute Resolution Panel o Assistance in obtaining Advance rulings including seeking opinions from senior counsel o Review of the Employee Salary structures in order to the minimize the tax burden o Conduct reviews to ensure tax compliance’s are being adhered to • INDIRECT TAXATION o Tax impact analysis for your business transactions o Assistance in preparation and filling of monthly/ quarterly/ annual returns o GST related services :  GST Audit to be filed annually in Form 9C  GST Advisory services  Assistance on obtaining registrations under GST or other legislations  Verification of the records-maintained GST provisions and identification of any inaccuracies  Review of contracts and agreements to evaluate the tax impacts  Certifications required under various acts and provisions  Assistance in filing for Advance Authority Ruling in order to seek clarifications  Assistance in drafting responses to notices, inquiries, and other liaison with the authorities  Conduct due diligence reviews from the indirect tax perspective  Conduct reviews to ensure tax compliance’s are being adhered to  ACCOUNTING & BOOK-KEEPING SERVICES (from legalbiz) o Preparation of annual accounts such as Balance