Tax & Regulatory
Direct Tax:
Domestic and International Tax Advisory: In a global environment, tax for the organization has become a more complex issue with tax incentives, globalization and the upcoming tax code, rules and regulation. We advise corporates to cross the hurdles of domestic and international tax operations, indirect taxation, compliance, reporting and also provide dispute resolution services for direct and indirect taxes. One of the biggest challenges –and greatest areas of opportunity – for a multinational company today is effectively managing local and foreign taxes in a way that aligns with its overall business objectives and operations.
Tax planning: Tax planning is the analysis of a financial situation or plan from a tax perspective. Tax planning is an essential part of a financial plan. Acquiescent Tax Planning is in the centre of what we do. We can ensure minimum tax outflow within the ambit of law.
Tax Returns: What Is Tax Accounting? Tax accounting is a structure of accounting methods focused on taxes rather than the appearance of public financial statements. Tax accounting is governed by the Internal Revenue Code, which dictates the specific rules that companies and individuals must follow when preparing their tax returns.
Transfer Pricing: PKRCA assist clients in addressing complex cross-border tax challenges with respect to holding company structuring, offshore business structuring and use of treaty benefits, to implement effective global tax competitiveness. PKRCA advise clients on the critical issues of tax withholding while paying to foreigners and NRIs. Our team is specialized in the process of identifying the appropriate tax applicable to each payment from India.
Indirect Tax
GST: Goods and service tax or GST subsumed most of the indirect taxes. It has brought us to the “One nation one tax” regime. Accounting under GST is more simple compared to the erstwhile VAT and excise. Learn about the different accounting entries that need to be passed under GST
PKRCA with their expert team and experience in the field of indirect taxation provides specialized services in GST:
- Registration
- GST Returns Preparations
- Training to staff
- Compliance with GST Law
- Brief Communication of GST provision as applicable to the business
- Updation on relevant Notification, Amendment and Circulars as and when notified by the Government.
- Analysis of Data for relevant Returns
- Filing of Return as per the due dates notified
- Advice, as and when called upon to, on various issues involving Interpretation of applicable law
- Audit and Review: Consistent review of the Information prepared and submitted with the department along with guidance on time to time basis
- Certifications: Preparation and Certification as applicable to the Organization.