Tax Compliance/International Taxation


Corporate Tax

Corporate tax is a form of tax levied on profits earned by an entity in a particular period of time.

Various rates of corporate taxes are levied for different levels of profits earned by business houses.

The entity required to file Income Tax Return every year.

A domestic company in India refers to any enterprise that has its base location in India and is of Indian origin. Given below is the tax rate applicable to domestic businesses in the country.

A flat rate of 25% corporate tax is levied on the income earned by a domestic corporate + A surcharge of 5% is levied in case the turnover of a company is more than Rs.1 Crore for a specific financial year+ 3% educational cess is levied.


Goods and Services Tax (GST)

Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% ,18% and 28%

We provide both GST registration and filing of GST monthly and annual returns.


Tax Deducted at Source (TDS) /Withholding Tax

Tax Deducted at Source (TDS) is a means of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment covered under these provisions shall be paid after deducting prescribed percentage. It is managed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service (IRS). It has a great importance while conducting tax audits. Assessee is also required to file quarterly return to CBDT. Returns states the TDS deducted & paid to government during the Quarter to which it relates. Taxes shall be deducted at the rates specified in the relevant provisions of the Act or the First Schedule to the Finance Act.

However, in case of payment to non-resident persons, the withholding tax rates specified under the Double Taxation Avoidance Agreements shall also be considered. We assist our client to deduct tax as per prevailing provision of Income Tax India and filling of TDS returns and Issuing TDS Certificate.


Dividend Distribution Tax

Corporate tax is tax paid by companies on revenues earned minus certain expenses. Similarly, dividend distribution tax is tax paid by corporates on the dividend that they pay to their shareholders. Corporate dividend tax is a percentage of the dividend paid. Currently, the dividend distribution tax in India is 15%.

Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% ,18% and 28%.

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Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts.

26 June 2019

Finance And Legal Working Streams Occur Throughout

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts.