Services

Indian taxation overview : Sense of duty.

India has embarked on a series of tax reforms since early 1990s. The focus of reforms has been on rationalization of the tax rates and simplification of procedures.

In India tax is levied by central, state and local government bodies. Principal taxes including corporate tax, custom duties, central excise duty and services tax are levied by the central government. On the other hand states levy principal taxes like state excise duties, sales tax and stamp duties. Local government bodies levy octroi duties and other taxes of local nature like water tax and property taxes.

Direct Tax

Income Tax

Income earned in a financial year is liable to tax as per the rates prescribed for that year. A financial year runs from 1 April to 31 March of the following year. India follows a residence based taxation system. Broadly, taxpayers may be classified as residents or non-residents.

Fringe Benefit Tax

Finance Act, 2005 has introduced a new tax in the form of Fringe Benefit Tax (FBT). FBT is a tax payable by the employer on benefits (provided/ deemed) that employees (past or present) receive as a consideration of their employment.

Transfer Pricing Law In India

Increasing participation of multi-national groups in economic activities in the country has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same multi-national group.

New Income Tax Return Forms

The Ministry of Finance notified the salient features of new Return Forms for the AY 2007-08, whereby firms were mandatorily made liable to tax audit under s.44AB of the Income Tax Act 1961.

Company Law

Fema / RBI

We provide Fema / RBI Related Services :
• Compliance of the procedure including chartered Accountants Certification for repatriation of income / assets from India

Special Economic Zone

A policy for setting up of Special Economic Zones (SEZs) in the country with a view to provide an internationally competitive and hassle free environment for exports was introduced on April 1, 2000. Units may be set up in SEZ for manufacturing of goods and/or rendering of Services.

Accounting / Auditing

Statutory Audit

Every company registered in India has to get his accounts audited from a chartered accountant every year. We have team of professionals to conduct such audits.

Internal Audit

For in depth checking of day-to-day transactions, large business organizations require internal audit. We have sufficient and capable staff strength to conduct these types of audits.

SOX Advisory

"The Sarbanes-Oxley Act of 2002 ('SOX')" entrusts the management of SEC registrants with the responsibility of annually reporting the effectiveness of their internal control structure and procedures for financial reporting, and attesting the financial statements.

BPO Services

Welcome to Business Process Outsourcing. We believe that people make all the difference in building shareholder value. That's what Business Process Outsourcing (BPO) is all about. It's the story of how people can work together as a team to make companies more competitive and profitable - and to bring about meaningful changes that benefit customers, employees, and shareholders