TAX AUDIT

Tax audit is a compulsory audit under section 44AB of the Income-tax Act in India which is conducted where gross turnover exceeds Rs. 1 crore/ 25 lakh from business/profession.

Services
  • Conducting of tax audit
  • Filing of tax audit report in form 3CA/3CB and 3CD

TAX MANAGEMENT/COMPLIANCE

Tax management/compliance is at the core of today’s business obligations that include filings and payment of taxes.

Services
  • Filing of income tax returns
  • Filing of TDS/TCS returns
  • Compliances related to advance tax

TAX REPRESENTATION AND LITIGATION

Scrutiny Assessment U/S 143(3)

Scrutiny assessment refers to the examination of a return of income by giving an opportunity to the assessee to substantiate the income declared and the expenses, deductions, losses, exemptions, etc. claimed in the return with the help of evidence.

Rectification U/s Section 154

Rectification of mistake apparent in intimation, assessment, revision and appellate orders.

Appeals U/s 246A [i.e. CIT(A)] and 253 [i.e. ITAT]

An appeal is applying to a higher authority for a reversal of the decision of an assessing officer/lower authority.

Revision U/s 263 & 264

Revision U/s 263 is the reversal of erroneous and prejudicial order of subordinates by CIT/Pr. CIT. Revision U/s 264 is an alternative option available to the assessee. Instead of going to appeal, he can approach CIT/ Pr. CIT.

Services
  • Representation before the tax department with respect to assessments, investigation, survey, search and other civil cases.
  • Representation before CIT(A) and ITAT
  • Representation before the Authority for Advance Ruling with respect to residents.
  • Filing of replies to summons and other notices.
  • Filing of compounding applications to CCIT.

TAX ADVISORY AND OPINIONS

Services
  • Transaction/Arrangement structuring to avoid/lessen tax burden within the purview of tax laws.
  • Providing opinions on domestic taxation Issues i.e. interpreting of provisions, etc.

TRANSFER PRICING

Specified transactions between related parties are applicable for domestic transfer pricing regulations and compliance.

Services

A report under Section 92E in Form 3CEB needs to be filed for all the specified domestic transactions whose individual transaction amount exceeds 5/20 crores during the year under review.