Direct Tax - Regulations & Compliances

Direct Taxes – Regulations & Compliances

The wide scope of the Income Tax Act, 1961 still governs the flow of direct tax in India, along with the various amendments, circulars and clarifications issued from time to time by CBDT(Central Board of Direct Taxes).

Finsurety’s Tax Advisory Services

At Finsurety Advisors, along with our team of experienced tax experts we assist businesses and individuals on various tax and regulatory matters at every stage of their income lifecycle, thereby assisting them in tax planning and mitigating the tax burden by ensuring that they derive all the tax benefits available under the tax laws. We offer our direct tax services in the following categories:

  • Corporate Tax
  • Personal Tax
  • International Tax
  • Expatriate Tax

Corporate Tax

Tax planning plays an important part in corporate taxation and our primary objective is to help mitigate the burden of taxation within the confines of the law for our clients. Our wide understanding of the laws that affect the corporates in India helps us to provide solutions by offering these services:

  • Statutory compliance support
  • Preparation and filing of corporate tax returns
  • Tax diagnostic reviews to identify uncertain tax positions and ensure risk mitigation
  • Preparation and filing of withholding tax returns
  • Preparation and filing of overseas entity tax returns in India
  • Tax advice and optimisation on various transactions such as EPC contracts, turnkey contracts, etc. for Government & Non Government organisations
  • Review of applicability of ICDS and related disclosures
  • Review of Ind-AS applicability and related action points
  • Review and applicability of POEM

Personal Tax

We can help you explore your tax-saving opportunities and develop your tax planning strategy under the confines of the law. Drawing on multidisciplinary expertise, we provide you with customized guidance to fit your situation so that your tax strategy works in concern with other components of your financial framework and lifestyle.

For business owners and executives, we also help you evaluate the tax consequences of your business and personal decisions, providing integrated guidance to retain more of your hard-earned wealth.

We offer the following services in personal tax:

  • Filing of annual tax returns
  • Filing of Advance Tax returns
  • Tax planning and strategies
  • Tax representation before Assessing Officer and other tax authorities
  • Advisory on litigation strategy and its implementation

International Tax

As businesses operate globally, it is imperative for us to understand the evolving global tax laws across countries, not only to ensure compliance but also factor in the significant cost of doing business in that country. We offer services that successfully align all the different areas of taxation into a benefit-driven strategy that is reflected favorably in the various financial parameters.

We offer the following services in international tax:

  • Advice on cross border transactions
  • Advice on double tax treaties and foreign tax systems/implications
  • Tax efficient structuring of cross border transactions
  • Services in relation to the improvement/effectiveness of the cross border supply chain
  • International tax dispute resolution

Expatriate taxation

Our experienced team provides return filing, advisory, tax compliance, and business tax planning services to expatriates working in India, their family offices, investment funds and individuals involved in commercial transactions.

We also cater to clients who have expatriates as their employees, given how the tax treatment of those is different from other Indian working populations. With the businesses going global, people and capital are crossing borders more often than ever before, which brings them closer to the reach of tax authorities and legal enforcement.

Having an advisor that offers a complete range of financial and tax services in jurisdictions where you have private and business connections is instrumental. In this direction, we aim to provide more than just advice – we recommend solutions and help clients implement them.