Corporate and International Taxation
In today’s global landscape, taxes for organizations have become increasingly complex due to tax incentives, globalization, and new tax codes and regulations. We assist companies in overcoming the challenges of both domestic and international tax operations, including indirect taxation, compliance, and reporting. Additionally, we provide dispute resolution services for both direct and indirect taxes. Managing local and foreign taxes is one of the biggest challenges and opportunities for multinational companies today. We help these companies effectively handle their tax obligations in a way that aligns with their overall business objectives and operations. By working with us, companies can ensure they are compliant and strategically positioned to benefit from tax incentives while minimizing risks and maximizing efficiencies.
At AapnaCA, we provide comprehensive corporate tax services to corporates across the globe. Our experienced Charactered Accountant can help you navigate the complexities of corporate taxation.
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Domestic Taxation
We are your comprehensive solution for all Direct Taxation matters, including compliance, advisory and representation services namely.
- Corporate Tax Return for Corporates
- Tax Audit (Form 3CB-CD)
- Withholding Tax – Retainership & Advisory
- Opinions on various transactions from domestic law to tax treaty viewpoint
- Advising on tax planning opportunities
- Taxation relating Certifications – 15CA-CB, etc.
- Due Diligence for corporate issues and tax controversies, helping companies to identify risk areas and mitigate financial statements and tax compliance disclosures.
- Representation Services for Assessments before Income-tax officers
- Appeal Proceedings before CIT(A) as well as Income Tax Appellate Tribunal
- Assistance in appeal proceedings before High Courts and Supreme Courts (Preparation of case, Briefing Counsels)
- Review of books of Accounts and transactions
- Tax Audit (Form 3CB-CD)
- Preparation & Computation of Income & Taxes thereon
- Preparation & Submission of ITR
- Advisory on taxation matter and transactions
International Taxation
At AapnaCa, we provide following services:
Transfer Pricing law was introduced in India in 2001 to address tax avoidance by establishing guidelines for determining the income from international transactions or specified domestic transactions (SDTs) based on the “arm’s length price.” This law ensures that transactions between related entities are conducted as if they were between unrelated parties, thus preventing the manipulation of prices to reduce tax liabilities.
At AapnaCA, we specialize in providing comprehensive solutions to companies engaged in international or SDT transactions with their associated enterprises or group companies. Our offerings include:
- Comprehensive Transfer Pricing Analysis
- Selection of the appropriate method
- Assistance in preparing Transfer Pricing documentation
- Issuing Transfer Pricing Certificates
- Expert Representation in Transfer Pricing cases before the TPO/Appellate Authorities
Expatriates taking up employment in India will be subject to Income-tax, social security, and immigration related regulations. The experts of AapnaCA in India can help expatriates and their employers to deal with tax matters as well as social security and immigration related issues including:
- Advisory services on the Indian tax legislation
- Calculation of taxes payable by expats in accordance with the Indian legislation
- Preparing and submitting Expat’s tax return to the Indian Tax Authorities.
- Elucidation on the Indian legislation in connection with obtaining visa and work permit.
- Advisory and compliance services with respect to social security contribution for expats as per Indian social security law.
- Compensation & benefits design for India
Corporate Tax Advisory Services FAQs
Corporate tax is levied on the companies, whether domestic or foreign, that operate within a country’s jurisdiction.
In India, the Income Tax Act, 1961 governs the provisions of charging corporate tax to companies.
Yes, every company must file its return of income irrespective of the amount of income or losses.
Form ITR-6 applies to companies. However, the companies claiming exemption under section 11 (charitable or religious trusts) cannot use ITR-6 form.
The following are a company’s income components: Income from Business and Profession, Income from House Property, Income from Capital Gains, and Income from Other sources. A company does not earn salary income.
MAT is prescribed under Section 115JB of the Act and has been a part of the statute for decades now. MAT aims to tax companies at a MAT rate on book profit, or at the tax rate on taxable income, whichever is higher.
Companies can develop possibilities to reduce and defer corporate taxes by implementing sound tax policies and utilizing tax planning strategies.