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DIRECT TAX

Income tax Act, 1961 governs the matters related to Income Tax in India and requires compliances from the assesses. We offer a complete range of Income Tax services and in particular include:

We at NSPAL offer tax and legal services to Individuals, Corporates, Trusts, Banks, Multinational companies and expatriates.

The firm has hands on experience in advising and assisting Corporates in tax matters and representing them at Assessment / Appellate levels. Our focus is on Direct Tax including Tax Planning and Transaction Structuring and Tax provisions Compliance.

Income Tax & Wealth Tax Consultancy
Assessment & Appeal Consultancy
Search & Seizure, Surveys Cases
Transfer Pricing
International Taxation & DTAA
Filing of annual return.
Tax Planning
15CA & 15CB

Tax Registrations

Permanent Account Number (PAN), Tax Account Number (TAN)
Registration u/s 12A, 80G, 35AC (Trust, Societies, Sec 8 Companies)
Need to be very specific and structures in recently implemented centralized system of registration at Income Tax Authority
Pre-planning & evaluation, Structured documentation & well defining the charitable activities
Applying at appropriate authorities and obtaining the registration from Tax Authorities.

Personnel Tax (Resident Individuals & Expatriates)

Creating an optimum Tax Structure for employees (resident/expatriates) keeping a balance of cost to company, helps the business in many way.
We structure remuneration, guide on appropriate documentation and administrative control measures.
Based on the organizational need, we also prepare employee policies, employment contracts, Terms & Conditions, advise on tax matters during hiring phase as well.
Income Tax annual return filing for all Individual, HNI, NRIs etc

Withholding Tax/Tax Deducted at Source (TDS)

Review the records and suggest on appropriate tax deduction/withholding
Assist in deposition of tax deducted/withheld at Source
Guidance & support in case of Tax Withholding from Overseas Payments
Preparing & filing of recurring return of TDS/Tax Withheld
Replying general queries from Income Tax Department on case to case basis
Generating form 16/16A from the Income tax portal
Customised reporting on TDS/Tax Withholding, if needed

Lower Rate of TDS/Tax Withholding

Businesses not having appropriate profit in beginning may be eligible to get Lower Tax Deduction Certificate from Income Tax Department. Its an important tool to improve cash flows and better tax planning. We assist in the complete process:

Preparing a business case for Lower deduction of TDS/Tax Withholding u/s 197 of IT Act
Prepare & filing of application with appropriate jurisdiction of Income Tax
Follow it up and obtain the Lower Tax Deduction certificate on time
TDS related to property and u/s195 of the income tax

Tax Declarations & Returns

Prepare & file annual Tax Returns for Companies (Private Limited, Limited), Limited Liability Partnerships, One Person Companies, Charitable Institutions, Partnership Firm and Individuals (Resident, Non-Resident, Expatriates)
Advise on keeping appropriate records & documentation for any future reference by Income Tax Authorities/internal reference of client

Permanent Establishment (PE)/Deemed PE

PE exposures in India are quite vital for foreign entities and need to be evaluated in order to avoid tax hassels at a later stage. We do evaluate the PE exposure and advise the clients
Work in building business models which address the PE issue well in advance and keep the business hassels free
Provide compliance services in case of established PE or cases of Deemed PE

Tax Planning/Risk Management

Carry out diagnostic services to check the tax health of your businesses
Prepare status report with suggestions on actions to be taken
Assistance for Calculation of advance tax.

International Taxation

Suggest on appropriate tax structure for the business in India. Cross Boarder Tax advisory.
Identifying and assessing tax risks, designing controls, and monitoring and evaluating them. We provide advisory, compliance and litigation support for domestic and international tax matters.
Conducting Transfer Pricing Studies on which future transaction (inter compnay/related party) can be structured. Certification/Transfer Pricing Reporting on due dates
Advice on Double Tax Avoidance Agreement (DTAA) with respective country. Issuance of Form 15CA/CB for foreign remittances
Assisting in getting Tax Residency Certificates (TRC) for Indian entities.
Supporting Overseas Entity in understanding Tax Exposures in business transactions & documentations

Representation in Tax Scrutiny/Appeals

Representing clients before Tax & regulatory authorities (Domestic & International Divisions).
Systematically advise & preparation of required documentation and reply against any notices from Income Tax Authorities
We strive to take care of the scrutiny cases and resolve the same at a earliest stage to save time & money of the client.
Appeal at higher Tax Authorities