Tax Service

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Tax Service

Over the years, our firm has grown into a well and reputed tax advisory firm  with clients  ranging  from  MNCs to  Domestic  companies  serving  at  most  responsible positions. With an experience of over 10 years in National and  International Tax and a strong team of experienced tax experts, we have been  able to earn the trust and confidence of our clients spread across US, Europe and  Asia.

At KSC, we assist clients to:

  • Identify and mitigate tax risks,
  • Understand and meet their compliances,
  • Resolve disputes with tax authorities when these arise, and manage tax accounting and reporting issues
  • Provide tax opinions on major tax amendments/notices issued.
  • Plan Taxes across parent and subsidiaries

Besides compliance and representation  before  Revenue  authorities, our taxation  services offer expertise in international taxation – cross-border tax issues with special  emphasis on interpretation of tax treaties, transfer pricing and the domestic tax laws.  Under International Taxation we focus on structuring capital and revenue transactions  by effectively utilising the tax treaties between India and the host country.

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We further provide following Tax Compliance services

  • Preparation/Review of Individual tax returns
  • Preparation/Review of corporate tax returns
  • Representation of tax cases in front of tax authorities and Income Tax Appellant Tribunal.
  • Review/Assistance in advance tax computations
  • Seeking Advance Rulings
  • Tax Matters related to individuals/Firms/Notfor-profit organizations
  • Other compliance issues such as tax registration, dealing with issues of withholding tax, certification etc.

Tax Planning

We can develop tax strategies with our past experience that work for
individuals and companies and help streamline compliance processes.

  • Corporate Structuring /Advice
  • Mergers and Amalgamation Tax Advisory
  • Foreign Direct Investment /Exchange Control
  • Expatriate Tax Solutions
  • Treaty Interpretation i.e. interpretation of various terms used in DTAA
  • Tax issues of foreign companies as well as subsidiary companies.
  • Taxation of LLPs and Non Residents.

Non Resident Tax Services

  • We assist in filing your Indian and Global Tax returns.
  • We assist you in Inheritance Tax matters and Repatriation of funds.
  • We assist you in understanding FATCA and other related regulations
  • We assist you in Gift tax matters.
  • Do you want to Invest in India and need to know Tax Impac

Cross Border Tax Advisory

It is important for companies to have a robust and efficient legal entity
holding the structure. Key areas to consider are:

  • Withholding tax minimization
  • Reduction of any potential capital gains tax
  • Effective use of holding companies
  • Access to double tax treaty agreements
  • Anti-avoidance measures
  • Along with Companies, we advise Individuals to manage/hold/liquidate their International assets in Tax effective manner.

Transfer Pricing & IPR Taxation

India is among many countries which have embraced Transfer  Pricing (“TP”) regulations with prescribed mandatory  documentation. TP is a complex tax. With, Base Erosion and Profit  Shifting (“BEPS”) TP has become a focus area. Implementation of  General Anti Avoidance Regulations (GAAR) and Place of Effective  Management (POEM), have made it more complicated. If the TP  approach is not correct , clients may face following issues

  • Significant local tax reassessments with penalties and interest on assessed tax;
  • leads to double taxation as income has already been taxed elsewhere and relief under tax treaties may not be available;
  • expensive and time-consuming litigation with tax authorities.
  • Benefits of Tax Holidays not available on TP additions

Our TP services Include

  • At KSC, we develop TP strategies and provide assistance in TP documentation and compliance requirements in a timely manner. In addition, it involves reviewing existing documentation and global documentation from an Indian TP perspective.
  • With updates on the latest tax legislation amendments, rulings, and enforcement efforts, we assist you in effectively and proactively framing TP strategy.
  • Help clients develop and implement efficient TP policies
  • Assisting clients in amending existing policies to incorporate changes and assessing the potential impact of TP policies on their overall tax position

Domestic Transfer Pricing

Transfer Pricing has been made applicable on certain domestic transactions defined  as “Specified Domestic Transactions” (“SDT”) with effect from Financial  Year 2012-13. These regulations become applicable where the aggregate amount of all such domestic transactions exceeds INR 20 Crore in a  financial year.

Our Services Includes

  • Assist with identifying specifically related parties and SDTs between them under the purview of domestic TP provisions
  • Assist in conducting a benchmarking analysis in respect of the SDTs
  • Assist in preparing documentation as required under the Indian TP regulations in respect of such SDTs.

International Services

We have tailored our International services in such a manner which takes  care of the tax and regulatory framework that is ever-changing globally  thereby adding complexities to otherwise already complex and uncertain tax  environment. The major recent developments, below, require businesses to  be extremely knowledgeable before planning International setup.

https://www.youtube.com/watch?v=J21qu_vspfg

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