Tax And Regulatory Services

Understanding The Tax Scenario In India

Simply put, tax in India comes majorly in 2 forms: Direct tax and indirect tax. Direct tax in India majorly deals with income tax, which is further segregated into individual tax (be it for Indian citizens or expatriate employees), corporate tax, as well as the underlying compliance matters for both. For any business getting incorporated as a company in India, tax planning is something which should be done in the early stages itself to create a tax-efficient business structure – the importance of which we’ll discuss in detail below.

Tax Planning In India For Businesses – The Need And The Outcome

Most tax consultants or tax advisors in India undertake tax and regulatory procedures as a practice to deal with income tax, routine tax filing/tax compliance or helping with tax litigation, at best. But then again, here’s where we segregate ourselves from most tax consultants.

Our pro-active involvement in our clients’ business stems from the idea that a growing economy has the propensity to undergo various changes from a tax and regulatory aspect, something which businesses must be wary about. Tax planning – as an effective measure to plan ahead and think of a long-term marathon as compared to a short-term sprint, helps us do exactly that. As a market which is seeing active Government intervention to increase the business-friendliness within the economy, we aim to safeguard companies from a tax standpoint so that they can focus on the macro aspects of the business, while letting us do the heavy lifting in terms of tax strategy well as regulatory compliance.

And on the technical side of things, our tax and regulatory services include offerings with regards to different aspects of taxation in India, where we provide advisory and services in terms of:

 

  1. Corporate Tax
  2. International Tax And Transfer Pricing
  3. Regulatory And Compliance Services
  4. Global Mobility Services
  5. Lower Withholding Tax Certificate

These 4 services are further divided into a 3-pronged approach wherever deemed necessary, which involves provision of advisory, undertaking compliance and audit as well as assisting in tax litigation.

 

Coinmen’s Tax And Regulatory Services – Key Offerings At A Glance

Starting off with our tax advisory services, we offer the following services:

  • Opinion on complex tax issues
  • Tax planning
  • Review of tax strategy vis-à- vis business strategy
  • Merger and acquisition services
  • Corporate reorganization
  • Group restructuring
  • Promoter stake enhancement & delisting
  • Financial structuring
  • Divestment advisory
  • Tax due diligence
  • Transfer pricing services
  • Tax structuring
  • International tax advisory
  • Profit and cash repatriation planning
  • Opinion on complex withholding tax issues
  • Tax treaty issues

 

As part of tax compliance procedures, our services include:

  • Assisting in advance tax computations
  • Withholding compliances
  • Income tax returns & other compliance matters
  • Obtaining registrations with tax authorities
  • Assistance in preparation of transfer pricing documentation for penalty protection
  • Obtaining registrations for non-residents with FRRO, PAN, etc.
  • Compensation structuring for tax efficiency
  • Tax computation for tax withholding, advance tax & tax filing purposes
  • Making routine compliances
  • Indirect tax advisory covering tax efficient operating models
  • Obtaining necessary clarifications/approvals from RBI or other regulatory authorities
  • Assistance in complying with various reporting requirements under exchange control regulations

 

As part of our audit and tax litigation services, we undertake:

  • Representation before authorities for tax audits
  • Support in preparation of tax litigation strategy
  • Liaising with counsels for representation before high-level litigation authorities
  • Representation before transfer pricing authorities for tax audit
  • Support in preparation of tax litigation strategy
  • Liaising with counsels for representation before high-level litigation authorities
Individuals, HUFs, & Firms (Other than LLPs) ITR Forms – 1, 2, 3, 4

For Individuals, HUFs, & Firms (Other than LLPs)
ITR Forms – 1, 2, 3, 4

Download PDF

For Corporate Tax Payers ITR Forms – 6

For Corporate Tax Payers
ITR Forms – 6

Download PDF

Non-Corporate Tax Payers including LLPs ITR Forms – 5,7

For Non-Corporate Tax Payers including LLPs
ITR Forms – 5,7

Download PDF

Reporting Partners

Vikrant Suri - Partner - Coinmen Consultants LLP

Vikrant Suri
Co-Founder and Partner
Experience: 15 years
Specializes in Direct Tax Matters
Former Manager, EY India (TRS)

vikrant@coinmen.com
Follow on Linkedin

Nitin Garg

Nitin Garg
Co-Founder and Partner
Experience: 15 years
Specializes in Transfer Pricing
Former Manager, EY India (TRS)

nitin@coinmen.com
Follow on Linkedin

Our Services

For more information on how we can help create value for your organisation


Interested in working with us?
Explore a Career @ Coinmen

Need Help?

+911140160160
nitin@coinmen.com