Direct Taxation
Tax plays an important part in the entire operations of an organisation as well as an individual.
For taking advantage of all possible opportunities should certainly include proper tax planning and advice. We understand the importance of tax and therefore we provide a full range of services in the field of tax to assist you.
Direct Taxation
Be it compliance, litigation, or advisory, we are well equipped to handle critical tax issues in today’s tax environment.
G R Prasad & Associates offers the following services:
- Personal Taxation Services:
Filing of Income Tax Returns for Individuals, Firms/LLP, Trust or HUF
For individual taxation we assist you in, the below manner:
- Computing total income
- Checking all available deductions provided under the Income Tax act.
- Dealing with Capital Gain taxes and advising on tax planning.
- Calculation of Advance Tax and self-assessment tax.
- Helping in scrutiny cases.
- Counseling and appearing before tax authorities.
2. Corporate Taxation & Business Advisory Services:
Our corporate tax & business advisory services include advisory and consulting services in the field of direct tax including international tax, regulatory, and compliance issues faced by corporate and non-corporate clients.
As already is known that Indian Taxation Laws are very complicated, and expert advice is required on each step. With regular retainership services from Our Firm, you can see the difference in terms of lower compliance costs and other penal costs which are otherwise unavoidable.
We take care of all your corporate tax needs by assisting you in:
- Calculation of Advance Tax and self-assessment costs tax.
- Advising and Assisting in Deposition of taxes to avoid huge interest penalties.
- TDS withholding and deposition system on a timely basis to avoid the penal costs.
- Issuing required forms within the prescribed time frames.
- Regular Assessments
- Litigation assistance
3. Tax Consultancy & Compliance
- Assistance in preparation and filing of withholding tax returns.
- Assistance in preparation and advice on advance tax payments and optimization.
- Preparation and filing of corporate tax returns.
- Preparation and filing of overseas entity tax returns in India.
4. TDS Compliance:
- Filing of Quarterly Return for TDS/ TCS in electronic form.
- TDS / TCS Certificate
- Advising on whether a particular transaction attracts TDS as per Income Tax Act
5. Tax Litigation Support Services:
Tax representation and litigation in India requires a comprehensive approach involving people with an adequate understanding of tax laws and insightful handling of contentious issues.
Our services in this area include:
- Tax representation before Assessing Officer and other tax authorities during the course of audit or investigation by the revenue authorities.
- Tax litigation support before Tax Commissioner (Appeals, Dispute Resolution Panel, and ITAT).
- Tax briefings and support to the external counsel in respect of representation before ITAT.
- Advisory on litigation strategy and its implementation.
- Diagnostic review of litigation history and assistance in litigation risk analysis
- Assistance in evaluating the sustainability of tax positions and assistance in remedial actions
6. Tax Planning:
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income