TAXATION
Tax preparation service involves the preparation of tax returns by a professional or an organisation. This would require meticulous attention to detail towards financial activities for a particular period and the compilation of all invoices and documents relevant to the calculation of tax. APTO boasts of a professionalised staff with many years of experience providing business tax preparation services. We carefully examine financial statements and other necessary information to ensure correct tax liability classification and optimization. By outsourcing your tax preparation, you can significantly reduce costs by nearly 40-50% and enable the optimal utilisation of your staff instead of the chaotic staffing constraints due to tax requirements.
We render professionalised account receivable outsourcing services at affordable prices
Tax Planning
o Counselling on tax-effective structuring, including the choice of the most suitable form of enterprise, after careful consideration of and study of domestic tax and requirements under Double Tax Agreements.
o Providing tax-efficient payment mechanisms to expatriates and HNIs.
o Providing advice on entity conversion.
o Consulting on the effects of retaining taxes on cross-border transactions, including the issuance of certificates needed by Indian tax legislation in respect of international transfers.
o Providing opinions following a thorough assessment of local tax regulations, including the investigation of Double Taxation Avoidance Agreements.
o Obtaining advice from the tax council.
Tax Representation
o Representation before Tax authorities at different levels Income Tax Appellate Tribunal with matters such as penalty, prosecution, and search matters.
o Advising and assisting customers in obtaining certificates and orders from Tax authorities for lower or nil withholding tax certificates
o Directing and updating Tax counsels for major tax litigations
Transfer Pricing Regulations
o Counselling various multinational groups in designing Transfer Pricing Policies to comply with local pricing regulations.
o Issuing and preparing of certificates as required under Indian tax law
o Directing the maintenance of documentation by transfer pricing regulations
Tax Compliance
o Recommending clients on preparation and filing of periodic returns of withholding tax and other statutory returns.
o Helping clients with procurement of income tax Permanent Account Numbers, Tax Deduction Account Numbers.
With income tax laws fluctuating ever so frequently, it is imperative to be aware of the current scenario at any given moment. We at APTO are well-versed with the required rules and regulations, forms, and instructions to ensure your returns are filed effectively. We act as an advisor as well as a strategist to aid in the reduction of business liabilities through legitimate planning and keep you up to date with the varying tax laws.
Regarding income tax, we provide the following services:
o Tax structuring, and advisory services in addition to effective tax management.
o Acquiring PAN for assessments, employees, etc.
o Advise on various intricate matters about income tax.
o Filing of appeals as per provisions of the Income Tax Act
o Updates are provided regularly about circulars, amendments, judgments, and notifications
o Complicated direct tax assessments.
o Providing our view on issues related to Double Tax Avoidance Agreement.
o Tax planning for corporate and others.
o Examining deferred tax liabilities.
o Obtaining a No Objection Certificate from the Income Tax department as well as Advance tax Rulings.
o Extending our service of income tax returns to employees of corporate clients.
o Resolution of issues raised under FEMA.
o Advance tax estimation and deposit.
o Draw up a salary structure to minimise the tax burden.
o Filing Income Tax and Wealth Tax returns for all assesses.
o Providing counsel on future tax implications of the potential acquisition.
o Rectification, assessment, and obtaining refunds from the Income tax department.
Tax Deducted at Source is one of the tax collecting methods where an individual making or crediting a charge on another is required to subtract a certain proportion of the value of the charge. The Income Tax Act has defined the individuals responsible to perform such subtraction. The individuals responsible for deducting the TDS amounts shall deposit the same by the 7th of the following month in which TDS is deducted and in case of a quarterly return the deadline is the 15th of the next month in each year. We provide TDS solutions to meet all your demands and requirements. At APTO we prepare E-TDS returns and electronic furnishing of returns along with appropriate consultancy services to our clients to ensure compliance with TDS requirements.
Services:
o Reconciliation of TDS due and deposited every month
o Depositing of TDS electronically or manually every month.
o Computation of monthly TDS
o Computation of quarterly TDS
o Providing our assistance towards requests for TDS reimbursements.
o Filing of E-TDS and Manual Returns every quarter.
o Acquiring Tax Deduction Account Number (TAN)
o Standard TDS clearance.
o Arbitration of TDS disputes.
o Consultancy on all matters regarding TDS and TCS provisions.
The need for expertise in the field of indirect tax has risen after the introduction of the Goods and Services Tax Act. As this can prove to be a very complex process, it is beneficial for companies to rely on our services so that they can direct their attention to the big picture matters. Our team of experts will provide counsel on planning, compliance, and reporting and at the same time maintain a good rapport with the tax authorities.
Services:
o GST Registration/Cancellation, filing, and payment of all GSTR as per due dates.
o Updates on amendments and developments in the Goods and Services Tax Act.
o Filing of GST returns periodically
o Input tax credit data are verified, and invalid credits are identified.
o To ensure efficient use of input tax credit, we review periodic computation of tax liabilities.
o Applying for a GST refund by preparing and filing the necessary documentation.
o Enabling GST audit
o Advising documents to be prepared for filing of GST refund and the best methods for the same.
o Filing of refund applications
o Filing the necessary statutory applications with the appropriate authorities.
o Qualified guidance on any GST-related concern.