Income Tax - Direct Taxes

With increasing focus of the Indian Government on widening the tax base and collection of revenue, tax compliance assumes key role and poses greater challenges for Corporates and non-corporates alike. Our team of expert professionals will help achieve the much desired objective of tax compliance coupled with minimizing compliance cost and to explore possibilities of tax planning while keeping tax compliance at the centre.

To achieve this much desired objective, we at Somaiya & Co. provide following specialised services:

  • Guidance in compilation of tax returns & e-filing thereof.
  • Tax Planning & Personal Taxation Consultancy Services.
  • Calculation of estimated advance tax liability on quarterly basis and it’s review for each quarter.
  • Compilation of Various details for Income Tax Scrutiny matters and representation before Assessing Authorities.
  • Filing of appeal before various forum such as CIT (Appeal) & ITAT.
  • Drafting of  Written submissions/Paper Book to be filed before Appellate Authorities
  • Drafting of petition for stay of outstanding demand.
  • To appear before Investigation Wing of the Department in Search & Survey matters.
  • To represent Foreign National/ foreign companies before Income Tax Authorities.
  • To claim refund on behalf of foreign companies who don’t have their PE in India.
  • Tax reporting on defined frequencies such as monthly, quarterly, annually to Parent Company according to their formats.
  • Various tax registrations that include Permanent Account Number (PAN)
  • Advice on tax consequences of various transactions.
  • Online verification of Tax demand, Tax Refund & review of tax credit available on IT website.