Income Tax

The Firm’s tax department is committed to deliver integrated solutions that result in real savings for clients. Our experts provide business advice tailored to meet the specific needs of individual client, on a national level and beyond. We offer a full range of tax services including corporate and individual planning and compliance, as well as global projects that involve designing and implementing tax strategies to produce sustainable long term tax savings. We also offer advice in specialist areas such as international corporate tax, mergers and acquisitions, transfer pricing and international executive services.

Taxation of income has a significant bearing on the returns to investors and any ill-informed decision may increase the ultimate tax burden. Compliance with various regulatory provisions of tax laws is another area which is time consuming and cumbersome. Keeping abreast with the developments in tax laws and evaluating their impact results in significant economic benefit. Timely compliance with the regulatory requirement not only requires additional manpower, some times, at much higher cost but may also affect the other activities of the organization. In order to satisfy needs of our clients, the firm provides full range of services to suit any business enterprise, be it in the form of advises or compliance assistance.

Our services include:

1. Advisory services including determination of income and chargeability of tax, exemptions, and withholding tax matters.
2. Compliance services relating to corporate taxation.
3. Representations before field tax authorities.
4. Representations before Central Board of Revenue.
5. Representations in appeals.
6. Representing various organizations on different forums.
   Individual of high net-worth are prone to tax default and inefficient planning, due to scarcity of time, which results in penalties and higher incidence of tax. The situation becomes more critical if various interests and sources of income are involved. Although, tax compliance is the responsibility of the individual concerned,

but generally organizations do provide such services to the directors and executives, as an additional benefit. In order to minimize the risks of default and higher incidence for the high net-worth individuals and to assist the organization in fulfilling their assumed responsibilities, the firm has developed a range of services, which includes:

1. Tax planning for expatriates
2. Compliance services in respect of personal taxation.
3. Advisory services on minimizing tax exposure/increasing tax savings.

Sales Tax and Federal Excise Duty

There has been a growing emphasis by the Government on these forms of indirect taxes, more particularly on the Sales Tax. A VAT mode Sales Tax has been introduced in 1996. Lack of knowledge on the part of tax administrators/taxpayers and extensive frequent changes in the law has made it difficult to comply with legal requirements. This has resulted in increased cost to the taxpayer. The firm has mobilized its resources and established a separate department to meet client’s needs. The firm provides full range of Sales Tax services which includes; Sales Tax system evaluation, Sales Tax audit and Sales / Services Tax advisory services.

1. Advisory services including determination of chargeability, liability and exemptions of sales Tax and Federal Excise Duty.
2. Compliance services relating to Sales Tax and Federal Excise Duty.
3. Representations before field sales tax authorities.
4. Representations before Central Board of Revenue.
5. Representations in appeals.
6. Representing various organizations on different forums.o.