Taxations

Changes in Indian taxation laws have become an annual event, and sometimes occur even more frequently. VSSK stays abreast of all such changes to provide quality tax services to its clients. Due to its in-depth research in both domestic and international tax law, as well as close and regular interaction with Indian tax authorities, VSSK is able to provide pragmatic solutions to its clientele.
It’s range of services in this area includes:

Direct Taxes

• Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source, etc.
• Updating clients on developments in the field of direct taxes which could have a bearing on their business
• Providing opinions on various complex tax issues;
• Tax representation before the Indian tax authorities at all levels (up to the Income Tax Appellate Tribunal, Settlement Commission and High Court);
• Tax planning for Non-Resident Indians, overseas entities desirous of setting up a business in India and Indian entities desirous of setting up an overseas business/base;
• Transfer Pricing studies;
• Advising organizations in designing a tax-efficient salary structure for employees;
• Advising on the applicability of withholding taxes and providing certification services for outward remittances;
• Evolving tax strategies and structures that would minimize tax incidence through a detailed evaluation of:

1. Double Tax Avoidance Agreements entered into by India with various countries;
2. Tax incentives and tax holidays
3. Tax incidence in other countries.