Services
Direct Tax
- Interpretation and Opinion/Point of View covering domestic tax provisions
- Strategic solutions covering tax cost minimisation, maximising deductions and restructuring
- Inbound and Outbound structuring, including jurisdiction analysis
- Tax risk/controversy management thru periodic health check services
- Employee, including expatriates related strategies, including ESOP policies (advisory and implementation support)
- Tax compliances covering annual & periodic income and withholding filings
- Tax withholding processing
- Assistance at advance tax stage, including covering tax credit mechanism
- Tax Audits and Certification, including repatriation * remittance documentation
- Assist in obtaining tax registrations and other certificates from Revenue Authorities
- Strategic inputs to Revenue authorities’ notices, communications, etc.
- Preparing and filing replies/submissions
- Representation before the authorities, including first level appellate authorities
- Briefing and assisting Tax Counsels in representation before higher appellate forums, including Courts
- Alternative dispute resolution services covering Advance Rulings and settlement related provisions
International Tax
- Interpretation and Opinions covering Tax Treaty/Multilateral Convention (BEPS measures) (MLI), including Permanent Establishment and anti-abuse provisions (GAAR), POEM, etc.
- Strategic solutions for businesses, holding company, Intellectual Property ownership and exploitation, repatriation and exits
- Inbound and Outbound structuring, including jurisdiction analysis (including working with overseas consultants)
- Tax risk/controversy management/effective tax rate and credit analysis
- Taxation of Non-resident Indians and expatriates
- Assist Foreign entities/expatriates/non-residents on compliance requirements (annual & periodic income and withholding filings, etc.)
- Tax withholding processing
- Assistance at advance tax stage, including covering tax credit mechanism
- Tax Audits and Certification, including repatriation remittance documentation
- Assist in obtaining tax registrations and other certificates from Revenue Authorities
- Strategic inputs to Revenue authorities’ notices, communications, etc.
- Preparing and filing replies/submissions
- Representation before the authorities, including first level appellate authorities
- Briefing and assisting Tax Counsels in representation before higher appellate forums, including Courts
- Alternative dispute resolution services covering Advance Rulings and Mutual Agreement Procedure provided under tax treaties
Transfer Pricing
- Interpretation and Opinion/Point of View, including identifying covered Associated Enterprises and Transactions
- Transfer Pricing modelling /planning (Supply Chain, etc.)
- Advisory and concluding Advance Pricing Agreement (APA)
- Transfer Pricing tax risk/controversy management thru periodic health check of transfer pricing policies and documentation
- Aligning with overseas affiliate policy vis-à-vis domestic provisions, Master File and Countryby-Country Reporting requirements
- Annual Transfer Pricing analysis having regard to arm’s length principle and prescribed documentation requirements
- Annual Tax Certification
- Master File and Country by Country Report
- Application and assisting in obtaining statutory approval of APAs
- Annual APA and Safe Harbor filings
- Strategic inputs to Revenue authorities’ notices, communications, etc.
- Preparing and filing replies/submissions
- Representation before the authorities, including first level appellate authorities
- Briefing and assisting Tax Counsels in representation before higher appellate forums, including Courts
- Alternative dispute resolution services covering Mutual Agreement Procedure provided under tax treaties
Regulatory
- Policy interpretation and providing views thereon
- Inbound and Outbound advisory covering Indian exchange control and corporate regulatory framework, covering permissibility of inbound and outbound investments and permitted business set-ups (Wholly Owned Subsidiaries/Subsidiaries/Joint Venture, Branch etc.)
- Inward Remittance & Outward Repatriation strategies
- Regulatory risk/controversy management thru periodic review of business structures and regulatory compliance status
- Working with Lawyers/Legal Team on closure of Term Sheets, Memorandum of Understanding, Joint Venture/Shareholders Agreements, commercial documents, etc.
- Assistance in setting up businesses, including obtaining regulatory approvals (Reserve Bank of India, etc.), incorporation of entities, etc.
- Working with Lawyers/Legal Team on closure of Agreements, etc.
- Co-ordinating with Bankers on investment flows, remittances, including preparing statutory forms, etc., and issuing remittance, valuation certificates, etc.
- Routine annual compliances under Exchange Control and Corporate law
- Preparing and representing on regularization / Compounding applications before Authorised Dealers and Regulatory Authorities
Transaction Support & Valuation
- Strategising restructuring for achieving business objectives in the form of merger, acquisition,
exploring synergies, business/asset sale, including internal restructuring in the form of demerger - Supportive role at term sheet /negotiation stage
- Promoter holding and succession planning
- Tax & Regulatory due diligence
- Fund raising preparedness
- Assistance, including working closely with Lawyers/Legal Team on statutory and commercial documentation, including providing
- Assistance and support during regulatory proceedings (NCLT, etc.) involving procedures, draft schemes and corporate resolutions, including highlighting any major foreseen tax risks
- Assist in the preparation of cash flow models, projections, etc.
- Commercial and Regulatory Valuation (Shares, Bonds, Hybrids, Tangible and Intangible Assets, Exchange Ratio, etc.)
- Assist in obtaining regulatory approvals and tax clearance certificates
Indirect Tax
- Evaluating GST implications and providing inputs on existing/proposed transactions and agreements
- Advising on issues relating to registration, place/time of supply, rate of tax, eligibility/reversal of ITC, applicability of reverse charge mechanism, tax computation etc.
- Advising on suitable structures during transactions, which would help optimize the incidence of GST within the framework of the applicable laws
- Sanity check of all GST/other indirect tax related compliances
- Assistance in obtaining State-wise GST registrations
- Assistance in preparation of invoices as per GST Laws
- Assistance in preparation and uploading of all returns
- Assistance in preparation and uploading of refund applications
- GST Audit and assurance services
- Preparation of responses to department’s notices, audit & refund applications
- Appearance before the authorities
- Preparation of appeal documents
- Attending hearings of appeal matters
Personal & Business Succession Planning
- Understanding individual wishes on bequeathing personal wealth and developing wish-based structure ensuring family harmony, defining family philanthropic goals and financial well-being of future generation
- Documenting asset distribution (Will, Trust Deed, Gift Deed, etc.), including adequate asset protection measures (tax & regulatory, etc.)
- Discussing succession plans with family/beneficiaries/heirs to ensure clarity and prevent conflict
- Reviewing and updating documentation in light of family circumstances and regulatory changes
- Advising and working with Family members in case of disputes and assist reaching family settlement
- Assist in execution and implementation of family settlement taking into consideration tax & regulatory implications, including assisting in documentation, asset valuation, etc.
- Understanding the overall succession plan with key Family members and developing wishbased transition plan taking into consideration potential successors skills and competencies
- Advising and strategizing ownership transfer, gift, sale, etc., including covering exit options
considering complex tax and regulatory framework - Assisting in related documentation (Shareholder Agreement, Corporate Resolutions, etc.),
asset, business valuation, etc. - Assist in developing Governance/Family Council/Family Constitution/Advisory Board/Family
Charter, Dispute Resolution mechanism, etc. so as to ensure family members’ expectations
and business goals and avoid any potential conflicts - Advise and strategise future expansions, financial plan for meeting contingencies
Audit & Risk Consultancy
- Audit prescribed under Corporate and other regulations
- Certificates and Special Purpose Reports
- Limited Reviews
- Tax Audit prescribed under Direct & Indirect Tax laws
- Transfer Pricing and other Certificates prescribed under Direct Tax regulations
- Internal Audit
- Assessment of organisations' risk management controls/processes and providing suggestions
to mitigate identified potential risks - Evaluating adequacy and reporting of financial internal controls and reporting any leakages, etc.
- Reviewing regulatory compliance internal controls and reporting any non-compliances
- Reviewing accuracy and reliability of financial records and financial statements from a true and fairness perspective
- Special reviews on specific matters (financial fraud, etc.)
- Follow-up reviews/monitoring of implementation of previous reports
