+91-141-2741888, 4030888 pbilala@yahoo.com, pbilala@cajpb.com
 
     
   
 
 
     
   
 

Domestic Taxation and International Taxation

In global environment, tax for organization has become more complex issue with tax incentives, globalization and the upcoming tax code, rules and regulation. We advise corporate to cross the hurdles of domestic and international tax operations, indirect taxation, compliance, reporting and also provide dispute resolution services for direct and indirect taxes. One of the biggest challenges and greatest areas of opportunity for a multinational company today is effectively managing local and foreign taxes in a way that aligns with its overall business objectives and operations.

Domestic Taxation
We are the one stop shop for all Direct and Indirect Taxation related matters whether it is compliances or representation services related matters namely:

Corporate Taxation

  • Corporate Tax Return
  • Tax Audit
  • Withholding Tax – Retainer ship & Advisory
  • Tax Consultancy and Advisory
  • Opinions on various transactions from domestic law to tax treaty viewpoint
  • Advising on tax planning opportunities
  • Taxation relating Certifications – 15CB, etc.
  • Conducting due diligence reviews and Health Check

Litigation

  • Representation Services for Assessments before Income-tax officers
  • Appeal Proceedings before CIT(A) as well as Income Tax Appellate Tribunal
  • Assistance in appeal proceedings before High Courts and Supreme Courts (Preparation of case, Briefing Counsels)

High Net Worth Individual

  • Review of books of Accounts
  • Tax Audit
  • Preparation & Computation of Income & Taxes thereon
  • Preparation & Submission of ITR
  • Advisory on taxation matters

Income Computation and Disclosure Standards (ICDS)
Income Computation and Disclosure Standards (ICDS), introduced with effect from 1st April, 2015, constitute one of the significant amendments introduced in the Indian Income-tax legislation. ICDS are applicable for computation of income taxable as 'Business income' or 'Other' Sources income. These standards provide for some significant departure from Indian Accounting Standards and may lead to material tax implications for taxpayers. In this regard, we provide assistance in examining ICDS having regard to nature of business & transactions of the taxpayers and advising on relevant tax implications.

Transfer Pricing
Transfer Pricing law was introduced in India in 2001. It deals with curbing tax avoidance by laying down norms for computation of income arising from international transactions or specified domestic transactions ("SDTs") having regard to the "arm's length price". Our Transfer Pricing services offer effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprise or group companies which are as follows:

  • Transfer Pricing Analysis
  • Selection of the appropriate method
  • Benchmarking Analysis
  • Assistance in preparation of Transfer Pricing documentation
  • Issuance of Transfer Pricing Certificate
  • Representing Transfer Pricing Cases before Transfer Pricing Officer/ Appellate Authorities International Taxation

At Jain Paras Bilala & Co., we provide the following services under International Taxation:

Transfer Pricing
Transfer Pricing law was introduced in India in 2001. It deals with curbing tax avoidance by laying down norms for computation of income arising from international transactions or specified domestic transactions ("SDTs") having regard to the "arm's length price". Our Transfer Pricing services offer effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprise or group companies which are as follows:

  • Transfer Pricing Analysis
  • Selection of the appropriate method
  • Benchmarking Analysis
  • Issuance of Transfer Pricing Certificate
  • Representing Transfer Pricing Cases before Transfer Pricing Officer/ Appellate Authorities

Expat Taxation
Taxing for expatriate individuals can be a problem. It needs know-how's and experience to ensure smooth transactions. The problem might begin with submitting the form but it does not end there. Tax clearance, tax reviews, offshore banking and investment, all this and more are involved. Tax compliance, however, is a must, but one also has to plan how to optimize tax liability or burden by restructuring the transactions and assets correctly. We with our experts take care of every detail with great focus on the following:

  • Entry meeting with Expatriates
  • FRRO registration
  • Review of Agreement
  • Preparation & Computation of Income & Taxes thereon
  • Preparation & Submission of Income Tax Return
  • Advisory on Taxation Matters
  • Obtaining Income-tax Clearance from tax authorities

Double Tax Avoidance Advisory
The Double Tax Avoidance Agreements (DTAA) are essentially bilateral agreements entered into between two countries, in our case, between India and another foreign state. We facilitate our client in DTAA Advisory to avoid double taxation based on the nature of Income and expenditure, in both the countries (i.e. Double taxation of same income) and withholding tax issues and other compliance

Goods and Service Tax

What is GST?

  • Destination based consumption tax, i.e., tax on inter-state supply to accrue to destination state
  • Dual GST model – CGST to be central tax and SGST to be state tax
  • IGST on inter-state transaction, to be shared between center and states
  • Single taxable event, i.e., supply
  • Four tier tax rate and creditable compensation cess
  • Matching concept introduced for admissibility of credit

How can we help?

  • Mapping current business model vis-a-vis model under GST regime
  • Analyzing key tax impacts on transactions undertaken
  • Evaluation of agreements
  • Examining eligibility of tax credits into GST regime
  • Simulating I/O cost structure
  • Identifying issues and developing mitigation plan