Tax Preparation, Filling and Litigation

Direct Tax

The tax world is changing and in today’s global economy, effective tax advice and planning can give your business a competitive advantage. Paresh Rupabhinda & Associates offers a wide range of Tax services that are designed to offer clients effective tax planning.

Paresh Rupabhinda & Associates as a firm of chartered accountants provides pragmatic solutions for multinational companies, Indian companies, expatriates, Non-Resident and Resident Indians. In this endeavour we are immensely helped by our extensive knowledge of taxation practices and procedures followed worldwide and our regular interaction with the Indian tax authorities. Our firm focus on the following areas in the direct taxations:

1. Filing of Tax Returns:

Assistance in preparation of the comprehensive financial reports which ultimately determines the accuracy of the filed income tax returns.

• Corporate Tax Return
• Personal Income Tax return
• TDS Returns
• Partnerships, Trusts Income Tax Returns

2. Representation Services:

As the Indian economy grows rapidly and business expand wide range of tax litigations also to be faced by the clients and We support our clients in tax disputes with the tax authorities via our litigation support line of services. Based on the extensive experience gained by our team, we have successfully assisted a large number of clients on a wide range of taxation litigation areas, Be it a transfer pricing or income tax issue, our team provides comprehensive representation and litigation support services in actual or potential legal proceedings before a court, regulatory body, and government authority.

We assist individuals and organizations to respond to challenges by legal authorities, by leveraging our financial skills, business expertise and knowledge of the legal process when conducting each assignment.

In this respect, below are the key services offered by us to our clients:-

• Assistance in strategizing tax litigation
• Developing tax litigation Approach
• Assistance in representations before the Income tax officers, Commissioner of Income tax Appeals CIT(A), Dispute Resolution Panel (DRP) and Income Tax Appellate Tribunal (ITAT)
• Assistance In Filing Tax Appeals
• Assistance in preparation of advance ruling application and provide support for representation before the Authority for Advance Rulings (AAR) for settling a tax position.

3. Tax Planning & Advisory:

Advance tax planning brings in clarity, certainty and financial stability to business. firm’s advisors with unparalleled knowledge base and practical exposure in tax administration would help in devising appropriate tax strategy and handhold all business establishments in discharging their tax obligations. Our team would strive to provide an integrated tax planning and compliance system so as to enable all sectors of business, trade and industries to grow and expand. To help you to grow, we do the following :

• Withholding Tax- Retainer sip and Advisory
• Capitals gains Tax Consultancy and Advisory
• Advisory at the transaction stage for tax efficiency.
• Analysis of implications of MAT, Dividend Taxes, etc.
• Evaluation of Advance Tax Liabilities
• Advising on tax planning opportunities for High net worth Individuals
• Taxations relating to Certifications – Form 15 CB,etc.,

Indirect Taxation

Managing indirect tax compliance by a business has been very complex in India due to multiple laws, sub ordinate legislation (rules, notifications, circulars) driven compliance and frequent amendments therein. Though the GST has subsumed multiple indirect tax laws, the compliance need is high. All periodical returns, statements, intimations, notices and reply to such notices would be automated in GST. The credit matching concept in GST is a significant task and credit not matched could result in denial of credit. Therefore, it is important for the organizations to ensure error free compliance.

Our experience in indirect taxes would help us to understand the new requirement in GST law as well. We provide compliance support to clients of all size. Our tax compliance and reporting team provides high-quality, flexible and cost-effective solutions to tax compliance. Our approach in compliance is tailored to clients’ needs aimed at ensuring error free compliance. Involvement of senior members of the firm means we can use our experience and skills to identify opportunities to improve tax processes and deliver tax savings. Our services include following:

• Obtaining GST Registration with Indirect tax department
• GST Compliance review on Periodical Basis
• GST Due Diligence Review
• GST Return filing and payment support
• Refund on export of goods or services
• Assistance in Internal Control and system implementation for Indirect compliances
• Advisory services to under Goods & Services Taxes, Customs & Foreign Trade Policy (and under erstwhile Central Excise, Service Tax & VAT).
• Tax and Credit Optimisation
• Post implementation advice on GST for future and ongoing projects and orders.
• Value added consultancy including limited reviews of activities to indicate possibility of large savings to SME’s by way of credit availment, correct tax payments and availment of admissible exemptions.
• Vetting the agreements contracts in terms of GST optimisation.
• Other value additive services such as classification of goods/services/tax rates and coverage in exemptions.
• Hand-holding through GST advisory on regular basis
• Support for understanding and working under GST regime.