Taxation
1. Corporate Tax Advisory, Planning & Compliance:
For Companies, corporate tax advisory, planning, and compliance services involve assessing the company’s tax situation, including reviewing its financial statements, transactions, and operations, to identify potential tax risks, opportunities, and compliance issues. Based on this assessment, ADGS provide advice and recommendations on tax planning strategies that align with the company’s objectives and help to minimize tax liabilities. ADGS also assist in the preparation and filing of corporate tax returns and compliance with tax laws and regulations.
2. Personal Tax Advisory, Planning & Compliance:
For individuals, personal tax advisory, planning, and compliance services involve assessing the individual’s tax situation, including reviewing their income, investments, and deductions, to identify potential tax savings opportunities and compliance issues. Based on this assessment, ADGS provide advice and recommendations on tax planning strategies that align with the individual’s objectives and help to minimize tax liabilities. They also assist in the preparation and filing of personal tax returns and compliance with tax laws and regulations.
Overall, tax advisory, planning, and compliance services help individuals and businesses to navigate the complexities of the tax system, maximize tax savings, and ensure compliance with tax laws and regulations.
3. Transfer pricing
Transfer pricing refers to the pricing of goods, services, or intangible assets that are transferred within or between different entities of a multinational corporation (MNC) or related parties. It is the price at which a company transfers goods, services, or assets to another company within the same group or subsidiary.
The transfer price determines the allocation of profits among different entities within a group or subsidiary, and it is crucial for determining the tax liability of each entity. We assist our clients in determining a robust transfer pricing system that enables them to conduct a detailed analysis of the cost centers and profit centers of their organization.
4. Goods and Service Tax
The Goods and Services Tax (GST) Act of India is a comprehensive tax law that was introduced in India on July 1, 2017. The GST is a single indirect tax system that has replaced multiple indirect taxes at the national and state level, including central excise duty, service tax, VAT, and various other indirect taxes.
The GST Act has simplified the tax system in India and has led to greater compliance, transparency, and efficiency in the tax system.
ADGS and Associates offers following services with respect to Goods and Service Tax:
a. Preparation and filing of GST Returns
b. Reconciliation of returns with books of accounts
c. GST Audit
d. Litigation Assistance
5. International Taxation
International taxation is the study and practice of taxation in the context of international transactions and cross-border activities. It involves the application of tax laws and regulations in different countries and the resolution of tax issues that arise when businesses and individuals operate across borders.
International taxation is becoming increasingly important as globalization has led to a rise in cross-border transactions and investment. International taxation covers a range of areas, including:
a) Cross-border taxation of individuals and corporates
b) Tax treaties between two countries
c) Tax planning for individuals and corporates
6. Representation and Litigation Support
Representation and litigation support refers to the services provided by ADGS to clients who are involved in disputes, legal proceedings, or investigations related to taxation or financial matters.
Representation and litigation support can involve a range of activities, including:
a) Representing clients before tax authorities
b) Providing expert witness testimony
c) Advising on tax notices and assessments
7. Other Indirect Tax
Customs, State VAT, Excise etc. form an important part of the indirect tax regime. At ADGS, we understand the necessity of dealing with these Acts to the satisfaction of our clients. The requirements of the clients are specifically dealt with and the compliances with these Acts are done by our team.
