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Direct Tax

Managing an expanding business can be difficult due to a number of complexities involved in Indian tax structure. Tax risks associated with the business growth require clarification and transparency from the fundamental stage of the entity set up. It becomes imperative to manage the tax in order meet the compliance deadlines and maximize the cash flows in the business.

The tax experts at Ashok Maheshwary & Associates can advise you on identifying the tax risks associated with your business and evaluate them in order to execute effective controls in time. From advisory on complex tax structure through compliance to litigation, we can collaborate with you in each exercise to deliver productive result.

Direct Tax

Corporate Tax

  • Advisory at the transaction stage for tax efficiency.
  • Updating on the new amendments, notifications, circulars and judgments
  • Analysis of implications of MAT, Dividend Taxes, etc.
  • Evaluation of Advance Tax Liabilities
  • Filing of Corporate Tax Returns in India
  • Corporate Tax Planning and Management

Transaction Services

  • Solutions for complex transactions or business arrangements, including advice on mergers, acquisitions and other forms of business reorganization
  • Tax diligence support in mergers, acquisitions and corporate reorganizations
  • Advice in relation to tax treaty and anti-avoidance provisions applicable to transactions 

Representation Services

  • Handling and representing for tax Litigations in India
  • Representing Clients for Scrutiny Assessment u/s 143 (3) and Re-assessment u/s 147
  • Income tax Appeals before CIT (Appeals) and ITAT
  • Representing clients in Search & Seizure Assignments

Withholding Tax Compliance Services

  • Planning, deduction and deposit of withholding taxes (Tax Deducted at Source)
  • Advising on all financial subjects which are of interest to the clients
  • Updating on the new amendments, notifications, circulars and judgments
  • Verification of all payments to vendors in order to estimate application of rates and determine categories for deduction of withholding taxes
  • Computation & Calculation of monthly Tax Deducted at Source (TDS)
  • Preparation & filling of Quarterly E-TDS Returns and annual returns
  • Managing vendors/employees for issuance of withholding forms

Filing of Tax Returns

Assistance in preparation of the comprehensive financial reports which ultimately determines the accuracy of the filed income tax returns. Also assistance in depositing and filing of advance taxes, obtaining certificates for lower deduction, etc

Certification Work

Issuance of certificate(s) (15CA / 15CB) for foreign remittance under section 195 of the Income-tax Act, 1961