Direct Tax

Direct tax is tax on the income earned, accrued or received in India, which is governed by the Income Tax Act, 1961 (IT Act). India also have a vast network of tax treaties with several countries for the purposes of avoidance of double taxation on the income of the persons or the enterprises investing in India or doing business with or in India.

In an emerging economy as large as India, where, enterprises, individuals, around the world are investing and willing to invest, tax laws have witnessed some tremendous reforms in recent past. The tax rates have been rationalized and tax laws have been simplified resulting in better compliance, ease of tax payments and better enforcement. However, it is also a highly legalistic country with a wide range of statues and regulations, which can entangle those trying to invest or initiate business operations in India.

With a seasoned team having global orientation and in-depth experience in domestic tax, transfer pricing, and expertise in application of Tax Treaty Principles, the firm is well positioned to provide efficient tax advisory, compliance consulting, litigation and representation services. Firms advice and assistance includes devising best fit tax model, effective tax structuring, optimizing solutions, tax compliance due diligence and assessment of tax effectiveness of commercial ventures.

The Firm assists and advises its clients in formulation of the best fit tax structure for investments from and into India including assistance in incorporation and organisation of the investment vehicles in overseas jurisdictions. We also regularly advise on corporate, business and transaction structuring and restructuring of international and domestic companies from a tax, transfer pricing and regulatory perspective.

Firm also renders its services to individuals, corporates and multinational enterprises on matters pertaining to interpretation of provisions of Bilateral Tax Treaties, Multilateral Conventions on Exchange of Information, Anti Avoidance provisions, Transfer Pricing provisions and Domestic Income Tax Laws. Firm also regularly advice on aspects of Indian Income-Tax laws affecting business transactions and operations of corporates/ enterprises in India. Assistance is also provided with respect to evaluating an Advance Pricing Agreement with the Tax Authorities.

Firm’s Tax Representation and Litigation services includes representation in the tax investigation matters and appearance before various appellate forums, being Commissioner of Income Tax (Appeals), Dispute Resolution Panel, Income Tax Appellate Tribunal and High Court on variety of tax matters including domestic, international and transfer pricing regulations. Firm assists, advice and represents clients in seeking advance ruling from Authority of Advance Ruling and also assists and represents in matters before the Settlement Commission.