Income Tax Planning & Consultation

Direct Tax Advisory: India’s taxation system is among the more complex systems globally and is constantly being updated to account for changes in the economy and policy. The system remains prone to delays and inefficiencies as well as substantial tax burdens for a misstep or lack of knowledge. There are additional restrictions on foreign nationals and companies, as well as international transactions between group companies.

At present, a company operating in India may need to pay three kinds of direct taxes – Corporate Taxes, Minimum Alternative Tax (MAT). These are the broad guidelines for these taxes –

Corporate Tax - For a domestic company, the prevailing tax rate is 25% (Companies having turnover upto 400 Crores in PY 2020-21) beyond Rs.400 Crores of turnover it is 30%. In addition to this, a surcharge may apply (based on the taxable Income of the Company) and a cess of 4% applies to all companies (irrespective of profit levels). Foreign companies are required to pay a basic tax rate of 40% (plus surcharge and cess).

Minimum Alternate Tax - Because of the differences between calculation of accounting profit and taxable profit, the Government introduced MAT which is applicable on book profits (if they exceed tax profits). The MAT rate is currently 15% of the book profits plus surcharge and cess. Every entity would need to pay the higher of corporate tax or MAT.

International Taxation: As businesses expand globally, navigating international tax laws becomes increasingly important. We offer specialized expertise in international taxation, including cross-border transactions, transfer pricing, tax treaties, and foreign tax credits, to help businesses optimize their global tax positions Tax Controversy and Resolution.

Tax Controversy and Resolution: Dealing with tax disputes can be stressful and time-consuming. Our experienced tax professionals provide representation and support during audits, appeals, and other tax-related controversies. We work diligently to protect your rights and negotiate favorable resolutions with tax authorities.