Direct Tax
Corporate Tax Advisory
Corporate taxation is an essential aspect of doing business in India. India has shown a steady emphasis towards enforcing compliance and expanding the tax base. Understanding the impact of developments in tax and regulatory aspects and their impact on the Indian business activities is becoming increasingly important.
At Tenet tax & legal, we help our clients develop tax-efficient strategies and manage their tax exposures keeping in mind their business needs.
Our services include the following:
- Entry strategy from a tax and regulatory perspective
- Choice of an appropriate form of entity to set up business in India
- Optimisation of corporate tax incentives
- Tax-planning for profit and dividend repatriation
- Resolving uncertain tax positions
Corporate Tax Compliance
As businesses grow, the complexities increase and the time spent on compliances also increases. Keeping a track of the ever changing tax and regulatory systems becomes a challenge for companies. With new compliances and the accompanying challenges, businesses need to ensure that there are no missed deadlines.
At Tenet tax & legal, we help our clients in carrying out the compliances so as to bring efficiencies and savings to the business.
Our services include the following:
- Analysis of withholding tax obligations on payments
- Assisting in filing various tax returns
- Assisting in tax audits by revenue authorities
- Providing corporate tax representation services
International tax services
In today’s world, the challenges as well as opportunities for clients stem from an effectively managed local and foreign tax planning that aligns with the overall business objectives. At Tennet tax & legal, we help our clients reduce their overall taxes and thereby enhancing margins and growth.
Our services include the following:
Compliance services : Multinational businesses face a formidable challenge of coping with compliance requirements imposed by the countries in which they operate. Multiple rules as well as tax authorities and staffing constraints compound these challenges. At Tennet tax & legal we provide efficient and cost-effective compliance services, including co-sourcing and outsourcing options. We provide data management and validate data integrity and accuracy. We help reduce risk, provide timely and transparent reporting and improve overall compliance efficiency.
Business optimization : Our Business Optimization team provides high quality and customized tax and business optimization services. We align business objectives with tax minimization and help integrate operational and tax planning to enable effective decisions for businesses.
Individual Taxation
We provide tax-related domestic and cross-border planning and compliance to individuals and their associated entities. We assist individual clients needing a wide range of tax services including tax compliance, tax planning and advice relating to their business, investments and other financial-related assets. We provide professionally prepared returns, calculations and advice, as well as integrated tax planning.
Our people have an in-depth knowledge and experience of working with individuals and companies of all sizes across all aspects of the tax life cycle.
Transfer pricing
The Indian transfer pricing landscape has seen many changes in the last few years – the introduction of domestic transfer pricing and the mutual agreement procedure (MAP) as an alternate dispute resolution mechanism seem to indicate that India is increasing its focus on Transfer Pricing.
Our transfer pricing professionals help in review, documentation and defending your transfer pricing policies and processes. Our people work with you to build proactive and integrated strategies that can address potential tax risks and help mitigate the same.
Our transfer pricing services include:
- Formulating a robust Transfer Pricing policy
- Managing compliance and documentation
- Analysing and assisting with dispute resolution mechanisms to reduce protracted litigation
- Systematic approach towards addressing the implications of regulatory changes
Indirect tax
Indirect taxes in India are governed by multiple laws that undergo a continuous change. The overall increased focus in indirect tax administration has led to creation of a complex tax environment for companies in India.
Our Indirect Tax Service offerings are tailored to assist companies in meeting such challenges. Our professionals are engaged in advising both multinational and domestic companies on various aspects.
We advise companies on effectively dealing with the changing laws and our services include providing on call tax advisory, assistance in tax compliances including preparation of tax computations, preparation and filing of tax returns, assistance with documentation requirements and representations before the tax authorities.
We also assist our clients in dealing with tax litigation at appellate levels by coordinating with our legal colleagues as necessary.
Our professionals and consultants have many years of experience in tax accounting firms and the Revenue administration.