The Direct Tax Services provided by us would cover the following statutes and any amendments there of:
DOMESTIC TAX SERVICES
TAX DIAGNOSTIC SERVICES: The same includes review of direct tax related transactions, tax returns, pending litigations etc., submission of detailed report of areas of exposure, neutral areas and planning options available to save/mitigate on tax and assistance in implementing our suggestions, post review, to ensure maximum benefit of the review.
TAX STRUCTURING: We provide assistance in restructuring your existing entity or in formulating a structure of a proposed entity to ensure tax optimization and minimal tax costs, from a direct tax and international tax perspective.
TAX ADVISORY: We provide expert advise in relation to specific queries relating to direct tax and international taxation raised by you either on a case to case basis or on a retainer arrangement, based on the nature of engagement. The same would cover:
LITIGATION SUPPORT: On a need basis, we provide litigation support services in relation to direct tax disputes which includes assistance in drafting of replies, appeals, submissions etc., appearing before the assessing officer, appellate authorities (including tax tribunals), assisting / liasoning with the legal counsels appointed by you etc.
Research of comparable companies and comparable transactions for determining the arm’s length price and review of contracts entered into by VARD with the associated enterprises.
Selecting the appropriate method for determining the arm’s length basis considering the risk profile of the activity of the Company and availability of comparable data;
Preparation of the transfer pricing documentation on the basis of the data extracted from databases used by the tax authorities in India whilst undertaking the audit;
Preparation of the accountants report in Form 3CEB, which would need to be filed before the due date of filing the tax return. The accountants report would be finalized in line with the comments emanating from the transfer pricing study.
ADIVICE ON IN-BOUND & OUT-BOUND STRUCTURING: We have an in-depth knowledge of the requirements and workings of the local government departments and are able to advice on the most appropriate entry-level strategy suited to your proposed business. Our 'one stop shop' model ensure that we take care of everything, from drafting the legal documents to obtaining a company seal, so that you can concentrate on building your business.
INTERNATIONAL TAX SERVICES:
FOREIGN EXCHANGE REGULATIONS:
OTHER DIRECT TAX SERVICES: Apart from the above we also provide assistance in relation to routine compliances, processing refund claims and other services relating to direct tax and international taxation.