Income tax is a tax imposed on entities or individuals in respect of their income or profits. It is usually computed as a percentage of the taxable income. Taxation rates may vary according to the type and category of the taxpayer and the nature of income on which the tax is being levied.
As a consultant for tax compliance in Delhi, we aim to guide you throughout your tax compliance in Delhi. Taxation is a specialised area and demands great skills and accuracy. Our professionalInternational Tax Consultant in Delhi have the requisite knowledge to carry out tax planning, documentation, administration and representation.We strive to minimise your tax exposure through legitimate planning and keeping you updated on the changing provisions of the taxation system in India and abroad.
- Domestic Taxation All governments need revenue, and domestic taxes are the primary means for generating it. However, the size and shape of taxation vary significantly across countries and have been transformed over time. One of the major sources of domestic taxes in India is Income Tax. Income taxes comprise two parts - Corporate Tax and Personal Tax.
Corporate Tax
Corporate tax refers to the tax levied on the profits earned by different corporate entities. Companies registered under the Companies Act or any previous company law are obligated to pay such tax at the rates in force as specified by Income Tax Act. Our consultant for Tax Compliance in India assist organisations in Income-tax return filings, advising on tax planning and tax saving opportunities and fulfilling other regular tax compliances. We also provide legal opinions on complex tax issues and assist in representing our corporate clients before the Income-tax authorities.
Personal Tax
Apart from tax paid on corporate earnings, tax paid on one’s personal income is called personal tax. We support our clients with various tax compliance in India such as tax withholding and reporting, advance tax payments and Income-tax return filings, to name a few. Our professional Consultant for NRI Taxation in Delhi also assist in obtaining different registrations for non-residents, such as registration with the foreign regional registration office (FRRO), getting the permanent account number (PAN) etc.
Our offerings include the following services with regard to Income-tax:
- Income-tax Return Filings
- Tax Planning and Advisory
- Payments of Advance Tax and TDS
- Filing of TDS returns and Form 16/16A preparations
- Filing of Tax Audit Reports
- Applications for Lower Tax Deduction Certificates
- Capital Gain Calculations
- Assistance in Tax Litigations
Tax Assessment, Representation and Litigations
Sometimes, a taxpayer furnishes incomplete or incorrect information in returns or documents to the tax authorities, which makes the department doubt the reliability of the information provided. The Income-tax Department finds scrutiny assessments as its best tool in these circumstances. Under a scrutiny assessment, a notice is issued in this respect in the name of the assessee, who is expected to take action as per the directions by the tax department.
In the area of tax litigation, we can assist you in:
- Income-tax Scrutiny Assessments
- Transfer Pricing Assessment and Litigations
- Representations before Income Tax Authorities
- Filing & submission of Appeals before CIT(A) and ITAT
- Income-tax Appeal Hearings
- Replying to every notice issued by the department
- International Taxation Many multinational enterprises have entered India’s boundaries, resulting in a colossal influx of foreign direct investment (FDI) in India. Furthermore, since the advent of liberalisation, Indian entities have made overseas direct investments in multiple countries to capture global opportunities. We offer advisory services for double tax relief and tax treaties interpretation, outbound and inbound investments, and compliance services related to transfer pricing and foreign remittances.
In the field of international taxation, we can assist you in:
- Transfer Pricing Matters
- Obtaining FIRC (Foreign Inward Remittance Certificates)
- Filing of Income-tax Returns of Non-Resident Indians (NRI)
- Foreign Direct Investment (FDI) compliances
- Equalisation Levy matters
- Repatriation of funds
Why choose Legal N Tax
For any assistance in direct or international taxation and related matters, you can rely on Legal N Tax. In order to meet all of your tax compliance and advising needs, our team of seasoned experts is here to help. We guarantee accurate, quick, and efficient services in accordance with the most recent legal requirements, whether it's individual tax planning or sophisticated business structure. Get in touch with us at info@legalntaxindia.com if you need prompt and dependable help.
With extensive knowledge in both domestic and foreign taxation, Legal N Tax stands itself as a client-focused firm. For the benefit of individuals, startups, and multinational corporations, we anticipate regulatory shifts and provide them with proactive, risk-mitigating measures. We are dedicated to handling your tax affairs with the highest care, thanks to our accuracy, honesty, and professionalism. You can trust us as your trusted companion in navigating the ever-changing tax environment of today.
