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Direct Taxation
When you’re looking for a Chartered accountant, we understand that you want to engage someone who understands the need of an increasingly complex Indian tax system. But, you also want someone who is going to make that knowledge make sense to you or your business .Our tax services help you attain your individual & business tax compliance and advisory needs. Our team of tax professionals draw on their diverse experiences and knowledge to provide seamless service through the entire spectrum of challenges pertaining to planning, financial accounting and tax compliance
Taxation: The Indian Taxation system has encountered several reforms, challenging business nationally and internationally. Managing tax complexity to intensify the value of the business is one of the primary considerations of major business decisions. Tax services by professionals are required by organizations due to the constant changes in the tax and regulatory environment. We, at Aggarwal Varun & Co, provide expert, effective solutions and guidance addressing tax issues.
Our team of expert professionals interacts with clients to evolve tax efficient solutions, while at the same time acknowledging that compliance & risk mitigation is a key parameter in any planning.
Direct Taxation
Direct tax is an important part of the Indian tax structure impacting various persons including individuals, corporate, partnerships, and others. Aggarwal Varun & Co, Chartered Accountants as an esteemed firm works as tax consultants & representatives offering the services mentioned below-
- Representations & Litigation Support including assessments & appeals.
- Direct Tax Planning, Advisory and Opinion.
- Tax Due Diligence.
- Transfer Pricing.
- Statutory Compliances including under Income Tax.
- Compliances for Religious and Charitable Trusts.
As the name suggests, direct taxes are those that are levied directly on taxpayers and paid directly to the government such as Income tax, for example, I have earned a salary of INR 2,50,000, now it is my sole responsibility to pay income tax on the amount which I have earned during the financial year, it is a type of tax where the impact and the occurrence fall under the same category. A direct tax may not be passed on to another person or entity but must be paid by the person responsible for the tax.
Direct Taxation is divided into the following categories:-
Income Tax Income tax is paid by an individual based on his/her taxable income in a given financial year. Taxable income alludes to total income earned in a year minus applicable deduction and exemptions.
Corporate Tax Corporation tax is paid by the companies registered under company law in India (Companies Act 2013) on the net profit that it makes from businesses.
Capital Gain Tax It is a form of direct tax that is paid due to the income that is earned from the sale of assets or investments.
Following are the services AVC India provides with respect to Direct Taxation:
- Income tax Return :
- Individual Income tax return
- Corporate Income Tax Return
- Income tax Return :
2. Application for Lower/Nil withholding Tax under section 197
3. TDS /TCS return Filing on Quarterly basis
4. Responses to various Notices under Income Tax Act
- Notice under section 139(9)
- Notice under section 143(1a)
- Notice under section 143(2)
- Notice under section 148
5. Transfer Pricing
AVC India is one of the best CA firms in India and also has expertise in preparation and submission of all kinds of returns to be filed under the income tax act. AVC India has filed over 25000 Income-tax returns in the last 12 years.