-
Domestic and International Transfer Pricing
Transfer pricing law in India applies to both domestic and international
transactions which fall above a threshold in terms of deal value. Transfer
Pricing was introduced through inserting Section(s) 92A-F and relevant Rule(s)
10A-E of the Income Tax Rules 1962.
It ensures that the transaction
between ‘related’ parties is at a price that would be comparable if
the transaction was occurring between unrelated parties.
-
Direct and indirect taxation advisory
A direct tax is paid directly to the government by an individual or organization.
Direct taxes cannot be shared or passed onto other parties. One of the biggest
examples of direct taxes is the income tax. Indirect taxes are those that a end
consumer pays to a third party. Every time you pay taxes at a restaurant, a
hotel or at a mall, you are paying indirect taxes. Unlike direct taxes, indirect
taxes are collected by third parties, and then passed on to the government. In
India, both direct and indirect taxes are a major source of revenue for the
government.
-
International taxation advisory
Multinational businesses are increasingly affected by tax, legislative and
regulatory developments throughout the world.
Interpreting the impact of
such developments and handling tax liabilities in several countries may prove to
be very complex for both multinational companies and people moving across
borders.
Our team is able to assist you structure your business in a
tax–efficient manner by offering strategies and solutions which are in line with
your objectives – you being either an individual taxpayer or a large
multinational company.
-
Investigation and Special Purpose Audits
Special Audits and Investigations are “special purpose†audits,
examples of which include environmental audits, information technology audits
and procurement audits. Fraud and forensic investigations also fall under this
heading. As with the performance audit, these audits, and the subsequent
reporting by the Auditor General, respond to specific requests, normally from
the County Assembly.
-
Representations and Litigation Support
Adequate and reasonable representation for any income-tax case before the
Income-tax Authorities or litigation before any appellate authorities can be one
of the most challenging times for any organization. At this stage, comprehensive
representation and litigation support services are required.
-
Tax Due Diligence
- Identify business/company historical tax risks
- Assess unutilised tax opportunities
- Attractively present business/company tax policy, tax risk management, tax
calculation and declaration function
- Understand the impact of risks and opportunities on the transaction and its
price
- Choose the right representations and warranties in the sale and purchase
agreement
-
Cross-Border transaction advisory
India has become significant player in global market and have seen surge of cross
border activities. Indian companies have adopted organic and inorganic
strategies to integrate with the world economy. Today, it is not enough for
companies to keep pace with constant changes in the business environment; they
must also keep pace with the regulatory environment.
We have assisted
clients in setting up operations in India and abroad. Our team has helped
clients in integration with international operations, global tax efficiency,
exchange controls and other regulatory perspectives. We not only help clients
acquire regulatory approvals, we also assist them in documentation. We provide
advisory services on double taxation treaty analysis and tax implication on
cross border transactions. We also provide certification services like
withholding tax certificates with respect to remittances for international
transactions.
-
Regulatory Support under FEMA, and RBI guidelines
FEMA Regulations which prescribe amongst other things the mode of investments
i.e. issue or acquisition of shares / convertible debentures and preference
shares, manner of receipt of funds, pricing guidelines and reporting of the
investments to the Reserve Bank.