Corporate Tax
Compliances:
IPC’s tax compliance methodology provides businesses with an efficient way of handling their tax compliance workload and meeting deadlines. Our tax compliance process ensures the accurate and up to date administration of your direct taxes. Our tax team will help you save precious time spent on mandatory activities, assuring your company’s compliance with local tax regulations, such as: preparing the tax returns/tax filing, solving the local tax authorities’ enquiries and representation during inspections.
As your business develops you could benefit from having dedicated team of professional tax advisors who can advise you on day-to-day matters as well as on specific transactions – to minimize risks and maximize the value of your business.
Our experienced tax experts are ready to offer assistance in the following areas to maintain your compliance with your statutory return, disclosure and documentary obligations – and even more than that.
Our Key service offerings include:
- Corporate tax planning and management and tax health check-up
- Assistance corporate tax computations considering and tax returns, quarterly advance tax computations considering the impact of Income Computation and Disclosure Standards (ICDS)
- Assistance in filing withholding tax returns and reviewing all applicable tax withholding compliances
- Assistance in tax registrations, obtaining lower withholding tax certificate, etc.
- Assistance in tax provisioning for statutory accounts purposes, preparing accounting journals, undertaking tax reconciliations and liaising with auditors
- Deferred tax reporting and analysis for both routine reporting purposes and assessment of deferred tax impacts of specific planning and transactions
- Tax Certification covering issuance of 15CA and 15CB certificate for remittance to Non-resident/Foreign Entities under section 195 of the Income-tax Act, 1961, Issuing Certificates under the Income Tax Act i.e., u/s 80IA/80IB/10 A/10B & other certificates to claim deduction, etc.
- On-call day-to-day queries resolution
Litigation
Facing a serious dispute, investigation or litigation can be one of the most challenging times for any organisation. These are times when it’s critical to have credible advisers you can trust. IPC helps organisations address a wide range of lawsuits, investigations, and regulatory issues at all levels during the appeal process. Our team provides comprehensive representation and litigation support services in actual or potential legal proceedings before a court, regulatory body, and government authority. We assist organisations to respond to challenges by legal authorities, by leveraging our financial skills, business expertise and knowledge of the legal process while conducting each assignment.
Our Key service offerings include:
- Assistance in strategizing tax litigation, drafting and presenting applications to the revenue authorities
- Representation services for assessments before Income-tax Officers, appeal proceedings before CIT (Appeals) & Income Tax Appellate Tribunal (ITAT)
- Assistance in preparation of advance ruling application and representation before the Authority for Advance Rulings (AAR) for settling a tax position
- Representation before revenue authorities for dispute resolution, tax refunds, penalty proceedings & stay of demand matters
- Representing clients in search & seizure issues
- Assisting counsels in preparing/representing appeals/petitions before High Courts and Supreme Court
- Settlement of tax disputes with the tax authorities through Settlement Commission route
Advisory
At IPC, We provide tax advisory services and can help you minimize your tax exposure and highlight the risks presented by constantly evolving and increasingly complex legislation. Drawing on our knowledge and understanding of tax regimes in India and around the world, we offer timely information and independent advice.
We work with dynamic companies and provide tax advisory to develop bespoke tax-planning strategies suitable for their specific business structure, and our solution-oriented approach is designed to help clients understand and minimise the tax challenges that businesses face allowing you to focus on your core business and SAIL FREELY.
Our Key service offerings include:
- Advisory on domestic as well as international tax matters including cross-border transactions
- Tax perspective advisory in respect to agreements to be entered between various parties
- Advisory on withholding tax obligations on payments to residents/non-residents
- Assistance in structuring/re-structuring of transactions
- Investment and Capital Structuring
- Tax advisory on propositions to be adopted in the tax return
- Advice on business reorganization from a fiscal perspective
International Taxation & Transfer Pricing
Compliances:
Our Key service offerings include:
- Analysing transactions and preparation of transfer pricing study/reports
- Evaluation & Formulizing Advance Pricing Agreements
- Compliances for Country by Country reporting and Master File
- Structuring & arrangement of related party transactions
- Preparing transfer pricing documentation and providing related advisory services, including identification of related parties, mapping related-party transactions, developing and planning transfer pricing policies and procedures
- Assistance in Preparation and submission of Master File and Country by Country reports (CBCR) in accordance with OECD's BEPS Action Plan 13
- Issuance of Accountant’s Report / Transfer Pricing Certification (Form 3CEB) as required u/s 92E read with Rule 10E of the Rules
- Inbound Business Structuring
- Advice on taxability on Liaison Offices, Branch Offices and Project Offices
- Advisory on Investment holding structures
- International Mergers and Acquisitions (‘M&A’) tax and regulatory advice
- Planning asset transfers between the Indian and foreign companies
- Structuring for cross-border acquisitions
- Permanent Establishment analysis including advise on the ways to avoid the exposure
- Advice on Head Office charges and other PE tax issues
- Analysis of Royalty and service contracts to determine the taxability by analyzing the Indian Income-tax Act, 1961 and the Double Taxation Avoidance Agreements
- Withholding tax issues while doing business with Indian clients
- Advice on how to avoid permanent establishment due to secondment of expatriates.
- Tax issues relating to formation of Association of Persons (‘AOP’)
- Customs issues on exporting to India
- Indirect tax issues in Trading in India
- Assistance in obtaining Special Valuation Bench Order for the Indian subsidiary for import from related parties
- Advice on Inter Company charges and the direct tax and indirect tax impact on them
- Guidance on equalization levy
- Base Erosion and Profit Shifting (BEPS’) impact assessment and continuous guidance
- Guidance on issues relating to TDS on Fee for Professional Services received from Non Resident, TDS on Royalty Payments, etc.
- Help in Obtaining Tax Residency Certificates
- Outbound international business structuring
- Strategizing structures for International Tax Planning and Management
- Advise on setting up multi-tiered holding structures through tax efficient jurisdictions
- Structuring for cross-border acquisitions
- Intellectual Property migration
- Shifting the holding company outside India
- Advice on utilization of foreign tax credits
- Global Tax Planning and Management
Expatriates/ Personal Tax/ Family Offices/ Private Wealth Tax
Compliances:
Our Key service offerings include:
- Preparation of computation of income & filing of income tax returns of individual assessee and other HUFs, Partnership firms, societies, etc
- Advisory on taxation of employees sent on secondment basis
- Processing and coordinating department related to Income tax refunds
- On-call day-to-day queries resolution
Goods and Services Tax (GST)
Goods and Service Tax (GST), one of the major tax reforms in India, finally became a reality when it was introduced in July 2017. Given the magnitude of the change, it comes with its own set of challenges and complexities. The change is not only in the law but also an attempt to infuse technology for reporting requirements.
The government has been very proactive in trying to streamline its processes and adjusting to the demands of the industry. Given the frequent clarifications / changes in the law, and interpretation issues, it is imperative for the businesses to re-visit the positions taken at the time of introduction of GST to ensure that the businesses does not get affected in the longer run.
Compliances:
We help clients in fulfilling all their compliances required under Goods and Services Tax (“GST”) laws. Compliances, inter-alia, include the following:
- Conducting due diligence and health check reviews ensuring that tax compliances are adhered to
- Reviewing the accounting data of client and verification of GST compliance as per the tax laws
- Assistance in obtaining GST registrations
- Complete outsourcing of GST compliances
- Assistance in processing of refund claims
- Providing technical assistance and representation services during departmental audits
- Assistance in relation to yearly GST Audits and credit reconciliations
- GST implementation/transition services in case of newly set up organizations, review of the GST implementation in case of old organizations
- Conducting Health Check / Credit reviews to identify planning opportunities and optimizing the overall indirect tax incidence
- End to end assistance in relation to GST enquiries and assessments
- Conducting anti-profiteering studies and assistance in relation to anti-profiteering certification
- On-call day-to-day queries resolution
Litigation
Our Key service offerings include:
- Assistance in drafting responses to notices, enquiries and such other communication received from revenue/assessing authorities
- Assistance in preparation and filing of appeals against orders received from appellate authorities
- Assisting counsels in preparing/representing appeals/petitions before High Courts and Supreme Court
- Filing advance ruling applications with the authorities in order to seek clarification on ambiguous matters
Advisory
Our Key service offerings include:
- Advice on all GST related matters including interpretation of provisions, classification, valuation, advance ruling, anti-profiteering, compliance methodology, representations, dispute resolution strategy, tax technology, etc.
- GST compliance solution for managing extensive GST compliances
- Advisory on vendor reconciliation mechanism for GST credits claimed
- Advisory on identification of optimal valuation model for related party transactions under GST, aligning the same with the model adopted under transfer pricing provisions
- Assistance to comply with the provisions of anti-profiteering rules under GST
- Review of contracts and agreements in order to identify the GST impact, from the perspective of procurement, manufacturing and distribution
- Analysing the pros and cons of setting up of EOUs, STP units or SEZ units and suggesting a suitable tax efficient structure
- Assist in setting up and operationalizing EOUs, STP units or SEZ units
Company Law & Secretarial Support
At IPC, we have a dedicated team of company secretarial, legal professionals and Chartered Accountants who possess extensive experience in various corporate laws and commercial / legal documentation. Our team is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all corporate secretarial matters.
How we can help:
- Advisory services on Corporate laws, SEBI, FEMA and other allied laws
- Advisory services on compliance of Listing Agreement and Corporate Governance code
- Advisory services on various labour laws
- Incorporation of new companies and Limited Liability Partnerships (LLP) in India and abroad
- Providing assistance for IPO, Follow on Public Offering, ESOP structuring and external reconstruction schemes
- Corporate Secretarial services
- Assisting in compliance of various Listing Clauses under the Listing Agreement
- Guiding on compliance of Clause - 49 of the Listing Agreement i.e. Corporate Governance
- Quarterly / Half-Yearly / Yearly conducting Secretarial Audit of Listed Companies for ensuring Listing/SEBI compliances
- Advisory services on Intellectual Property Rights (IPR) including registration of trademarks, royalty agreement, enforcement of IPRs, etc.
RBI & FEMA Compliances
Corporate and Individuals continuously face challenges to comply with regulations within the stipulated time, due to the extent of Central and State regulations in various industrial segments. Due to globalization, the importance of FEMA/ RBI Compliance has increased manifold. It include chartered Accountants certification for transactions prescribed in the FEMA/ RBI regulations, making prescribed applications to Reserve Bank of India for various FEMA and RBI regulated transactions, advisory services related to FEMA / RBI matters.
How we can help:
- Making applications to Reserve Bank of India for purchase/sale of shares, debentures & securities and directly to and from Residents in India and outside India
- Compliance with Foreign Direct Investment (FDI) regulations and getting regulatory approvals
- Compliance of the procedure including chartered Accountants Certification for repatriation of income/assets from India
- Transfer of shares from Indian resident to non-residents
- Setting up Joint Venture (JV)/ Partnership by NRI'S or persons of Indian origin
- Issue of Statutory Certificates under FEMA & RBI regulation
- Other Advisory Services on FEMA / RBI etc
