Direct Taxation

Are you feeling overwhelmed by the complexities of direct taxation? Whether you’re running a business or managing your personal finances, navigating today’s tax landscape can feel like walking through a minefield. For businesses, tax regulations grow more intricate each year while authorities intensify their scrutiny of corporate compliance. For individuals, understanding personal tax obligations, investment-related taxation, and potential deductions can be equally challenging.

What is Direct Taxation?

Direct taxation refers to taxes levied directly on individuals and businesses on their income, profits, or wealth. These taxes are paid directly to the government by the taxpayer. Our direct taxation services provide expert guidance on tax planning, compliance, and dispute resolution to ensure you meet all regulatory requirements while optimizing your tax position.

Who Is It For?

Our direct taxation services are specifically designed for:

• High net-worth individuals with complex financial portfolios
• Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) settled abroad
• Individuals with global assets including foreign properties and investments
• Trusts and companies requiring specialized tax compliance
• Corporates establishing Indian operations or requiring cross-border tax advice
• Individuals dealing with tax notices or litigation
• Residents with income exceeding Rs. 50 Lakhs requiring special disclosures
• Foreign nationals with Indian income or assets

Benefits of Our Direct Taxation Services

Engaging our direct taxation services provides numerous advantages for your business:

• Expert Guidance: Benefit from our deep understanding of complex taxation matters
• Global Compliance: Ensure adherence to both Indian and international tax regulations
• Risk Mitigation: Identify potential audit triggers and strategize to manage them proactively
• Documentation Support: Navigate complex filing requirements with expert assistance
• Representation: Professional representation before tax authorities during assessments or appeals
• Strategic Planning: Optimize your tax position through proper planning and structure

Types of Direct Taxation Services We Cover

1. Income Tax Return Filing

• Comprehensive ITR Services: Expert filing for individuals, trusts, and companies
• Global Asset Management: Specialized handling of returns for individuals with international holdings including:
  • Foreign properties and real estate
  • Overseas retirement investments (IRA, 401K)
  • Family trusts outside India
  • International shares, securities, ESOPs, and RSUs
• Special Disclosures: Management of statement of assets for residents with income exceeding Rs. 50 Lakhs
• Foreign Asset Compliance: Complete disclosure of foreign assets in compliance with Black Money Act, FEMA, and RBI guidelines

2. Complex Tax Form Management

We offer deep expertise in handling specialized tax forms that require technical knowledge:

• Foreign Tax Credit applications (Form 67)
• Lower tax deduction certificate processing (Form 13)
• Documentation for fund repatriation (Form 15CA/CB)
• Tax residency certificate preparation for double taxation benefits (Form 10F)
• Deferment of income from overseas retirement accounts (Form 10EE)
• Trust donation disclosure documentation (Form 10BE)
• Property sale tax reporting (Form 26QB)
• Rental income reporting for landlords (Form 26QC)

3. Tax Advisory Services

Our advisory services provide strategic guidance on:

• Joint Development Agreements: Expert review from both landowner and developer perspectives for tax optimization
• Capital Gains Strategy: Comprehensive advice on immovable property and share transactions
• Non-Resident Taxation: Specialized advisory on Double Taxation Avoidance Agreements (DTAA) and residential status determination
• External Commercial Borrowings: Guidance on interest caps and TDS compliance for corporate borrowings
• Equity Compensation: Specialized planning for RSU and ESOP taxation
• Compensation Structuring: Development of optimal salary structures using flexible benefit plans

4. Litigation Services

We provide expert representation throughout the tax litigation process:

Income Tax Act Proceedings

• Representation during assessment proceedings with jurisdictional officers and faceless units
• Handling of regular assessments and income escaping assessments
• Management of penalty proceedings
• Response to tax authority inquiries
• Appeals before Commissioner of Income Tax (Appeals)
• Assistance in Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act proceedings.

How Do I Know Which Direct Tax Service I Need?

Determining the right direct taxation services for your business can seem challenging, but we make it simple. Consider these questions:

• Are you concerned about your current tax strategy and its effectiveness?
• Are you planning international expansion or investments?
• Do you have executives working across multiple tax jurisdictions?
• Are you facing tax scrutiny or potential disputes with tax authorities?
• Do you need to optimize your TDS compliance processes?
• Are you seeking to structure executive compensation more efficiently?

Still unsure? Don’t worry. Contact us for consultation, and we’ll help you identify the direct taxation services that best address your specific needs.

Our experts will guide you through the options and develop a tailored approach that delivers the tax optimization and compliance you need.