Direct Tax Services
We offer expertise on all aspects of Direct tax, while rendering quality control assurance in tax compliance, returns preparation and filing. At the corporate level, we advise on the development of tax efficient international corporate structures, strategies and in negotiating local tax incentives. We provide advance planning to minimize future taxes and evaluate the tax implications of major business decisions.
Direct tax consultancy together with innovative tax efficient strategies, provided by us form an integral part of viable business decisions. These help our clients attain the desired goals. We adopt a “result oriented approach” which is flexible and emphasizes delivery and value. It enhances the effect of commercially viable decisions and minimizes the tax burden.
ABK provides the following Direct Tax Services:-
- Corporate tax consultancy and compliance
- Corporate tax litigation
- Cross Border Transaction Advisory for Double Taxation Avoidance Agreements
- Personal taxation services
Corporate tax consultancy and compliance
Our corporate tax consultancy and compliance encompass various aspects of tax structuring and structuring including the following:
- Structuring the entire business transaction, including preparation of structured tax solutions tailored to meet business objectives
- Tax modelling, which involves validation of tax assumptions built into financial and business models
- Tax structuring in a way to reduce the tax burden.
- Effective tax management, tax structuring and advisory services
- Giving Opinions on complex direct tax related issues as per the Income Tax Act, 1961
- Review of corporate tax returns to check for compliances with the Income Tax Act, 1961 and the various judicial pronouncements
- Review of the withholding tax (TDS) returns with the provisions of the law
- Seeking Advance Rulings
- Other compliance issues such as tax registration, dealing with issues of withholding tax, certifications, No objection certificates from the Income tax authorities etc.
Corporate Tax Litigation
Handling corporate tax litigation is ABK’s forte. ABK services include:
- "Representing" or "consultancy for representing" before the assessing authorities for expeditious and timely completion of assessments.
- Assistance in moving courts against any legal issues in assessments/appeal orders.
- Special expertise in handling complicated tax litigations up to the Income Tax Appellant Tribunal
- Special expertise in search, seizure and prosecution litigation
Cross Border Transaction Advisory for Double Taxation Avoidance Agreements
ABK professionals advise companies on a broad range of inbound and outbound tax issues, including structuring initial overseas investments, financing international operations, cross-border transactions, management of the global effective tax rate and business re-structuring.
ABK provides the following services:
- Advise for avoidance of double taxation of income under the Income Tax Act, 1961 in India and under the corresponding law in force in the foreign country
- Procedure for obtaining relief in respect of income on which income tax has been paid under the income tax laws both in India and in a foreign country
- For recovery of income tax under the income tax laws in India and under the corresponding provisions of the law in force in the foreign country
- Advise on the incidence of tax and the nature of the income and expenditure
- Opinions on the various Double Tax Avoidance Agreement related issues
- Assessing the income of non-resident and its tax incidence keeping as per the provisions of the Indian Tax laws and the provisions of the double tax avoidance agreements
Personal taxation services
ABK offers the following personal taxation services:-
- Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliance such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source.
- Personal tax consulting.