Tax and Regulatory
Direct Taxes & Indirect Taxes
Direct taxation in India broadly refers to the Income Tax and Wealth tax laws which involve personal tax, corporate tax, minimum alternate tax, capital gains tax, international tax and transfer pricing.
We offer services in each of the above mentioned areas of tax and regulatory compliance.
Tax Strategy and Compliance
Our endeavour is to formulate an ideal tax strategy for our clients which is compliant with the law, legitimately reduces the tax bills and yet is not prone to invite litigation.
Our specialist tax partners have a responsibility to ensure that the clients tax bill is optimised and they do not pay any unnecessary taxes. This involves a complete understanding of the ever changing tax laws which offer innumerable tax optimisation opportunities in the form of deductions, exemptions and claims for losses and expenses. Coupled with an intimate understanding of the clients business and structure the potential tax strategies are formulated, discussed and finalised to minimise the tax bills and having said so, we also recognise the fact that the tax strategy should not be overly aggressive and should not increase clients tax risks so as to plunge them into protracted litigation.
Our tax teams constantly monitor the development of jurisprudence, the statutory pronouncements and the amendments in tax laws which invariably have far reaching consequences on the clients’ tax strategies. Our knowledge plays a pivotal role in tax planning, advisory and compliance services.
Our regulatory compliance services ensure that the clients attain a high level of stringent tax law compliances.
Tax Representation
We provide representation services to clients at all levels of tax hierarchy ranging from assessment to administrative and appellate stages. We have competence and resources to serve clients at all levels of appellate stages ranging from Appellate Commissioners, Dispute Resolution Panel, Income Tax Appellate Tribunals. We also provide services relating to obtaining rulings from Authority for Advance rulings.
International Taxation
We have very rich experience spanning five years of successfully serving multinational clients in areas of direct taxation in India. With the globalisation and integration of economies large corporations are operating in different tax regimes with each one of them vying for their share of the corporations profit pie in taxes. The end result can often be paying taxes in multiple tax jurisdictions on the same income. We assist the foreign clients in entity structuring for Indian forays, transaction structuring, advising on the agreements and contracts from tax perspective, understanding and advising on treaty benefits, regulatory compliances and establishing sound global taxation policies.
Transfer Pricing
In India, transfer pricing is a relatively new but fast emerging field. Transfer pricing is a complex subject and impacts every area of business - ranging from associated party purchases, sales, financing instruments, loans, investments, marketing, distribution, use of tangible and intangible assets, etc.. Multinationals are perceived to be potentially capable of shifting their profits from high tax jurisdictions to low tax jurisdictions with the objective of reducing global tax liability. On this premise the tax regulators view the international transactions between associated enterprises with a lot of scepticism and are able to raise tax issues which have huge tax ramifications. Sandeep Sawant & Co. tax team offer advisory services on transfer pricing documentation which are regulatory compliant. Besides, we also render services in areas of transfer pricing study and statutory reporting and representation before the transfer pricing officer.