Direct Tax

chartered account in ernakulam

A direct tax is paid directly by an individual or organization to an imposing entity. A taxpayer, for example, pays direct taxes to the government for different purposes, including real property tax, personal property tax, income tax or taxes on assets. Direct taxes are different from indirect taxes, where the tax is levied on one entity, such as a seller, and paid by another, such as a sales tax paid by the buyer in a retail setting.

Finance Pro as a firm of chartered accountants in Kerala provides pragmatic solutions for multinational companies, Indian companies, expatriates, Non-Resident and Resident Indians.

In this endeavor we are immensely helped by our extensive knowledge of taxation practices and procedures followed worldwide and our regular interaction with the Indian tax authorities.

What We Do

  1. Direct Tax Advisory
  • Evolving taxation strategy– Optimizing tax incidence through application of tax incentives, tax holidays and benefits, double tax treaty networks, use of intermediate companies, transfer pricing and other options, comprehensive worldwide tax planning etc.
  • Inbound and outbound investments – Advising on Tax and exchange control regulations planning for investments in India and for Indian business concerns setting operations and having investments abroad.
  • Structuring of managerial remuneration– Advising clients on tax effective compensation structuring for their employees .
  1. Direct Tax compliance and litigation support
  • Preparation, review, and filing of corporate and non-corporate returns and e-returns
  • Withholding Tax (TDS) compliance services
  • Handling and representation in income tax Search, Seizure and Survey cases
  • Appearance before Income Tax authorities
  • Representation before judicial authorities in assessments and appeals
  • Assistance in preparing submissions
  • Assistance in availing exemption certificates and approvals
  • Co-ordination with legal counsels
  • Conducting tax compliance review
  1. International Tax Advisory
  • Advice and assistance in seeking advance rulings from the Authority for Advance Rulings in India on international tax issues
  • Withholding tax advisory
  • Evaluation of tax treaties to examine taxability and availability of tax treaty relief
  • Expatriate advisory services
  • Assistance in obtaining Tax Clearance Certificates
  • Representation before judicial authorities in assessments and appeals
  • Assistance in filing tax returns