TAXATION
We improve tax capabilities of our clients and support them transform their processes to deal with complex tax issues. We deliver a wide spectrum of fully integrated tax services that support to minimize tax exposure and highlight the risks of complicated legislation.
Drawing on our knowledge of tax regimes in India and around the world, we aim at delivering our clients- timely information and independent advice.
Our key tax and regulatory services include the following:
- Direct Tax Services (Income Tax)
- Goods and Service Tax (GST)
- Compliance
- International Taxation & Transfer Pricing
Direct Tax Services:
The principal objective of K B REDDY & ASSOCIATES’s tax professionals are proactive, year-round planning. Our tax specialists have developed a great deal of knowledge about each of all industries to get a comprehensive picture. This supported us in extensive planning that allows us to maximize efficiencies and optimize taxes.
Potential Challenges:
- Unable to meet the Regulatory filing deadlines;
- High tax exposure;
- Reporting of multi-layered tax issues and transactions.
How we can support:
- Identifying alternatives, understanding tax implications, and guiding you in structuring your transaction;
- Tax Optimization by our experts;
- Advanced planning techniques extending far beyond traditional tax services.
Our key services include:
- Tax Planning
- Taxation of foreign companies investing in India
- Transfer pricing matters
- Preparation & Filing of Annual IT Return
- Various Registrations under Income Tax
- Income Tax Assessment
- Income Tax Appeals before CIT & ITAT
Goods and Service Tax (GST):
GST- Goods and Service Tax, a newly developed indirect tax regime in India, has replaced many indirect tax laws. GST impacts the overall business including the material and product cost, cash flow, profitability, and the shareholder’s value.
Potential Challenges:
- Unaware of the nuances of the new tax regime;
- Disputes and disagreements with various tax authorities;
- Lack of resources and knowledge for online
How we can support:
- Providing you a full insight of GST and its minutiae;
- Supporting you carry out the computer-aided compliances and timely filings;
- Implementing tax strategies that complement your business and operational goals;
- Resolving disagreements with tax authorities when they arise.
Compliance:
Although the scope of the regulations and the tax rates have been reviewed from time to time, the regulations have evolved through piecemeal extension, rather than a fundamental review.
Our team comprises of prominent business and academic leaders that meet with us during the year to discuss practice and service issues.
Potential Challenges:
- Planning, deduction, and deposit of withholding taxes;
- Quarterly & annual return filings;
- Managing employees for the issuance of withholding forms.
How we can support:
- Providing a team of experts supported by highly efficient staff to perform all tax-related activities and documentation;
- Soliciting your inputs to continually improve our services and effectiveness;
- Leaving no gap in timely compliances.
Our Services Include:
- Preparation and Filing of Quarterly Returns
- Filing of TDS Annual Return
- TDS Assessments
- Value-Added Solutions
International Taxation/Transfer Pricing:
Our International Tax professionals support companies manage the complexities of multiple tax system and regulations around the world. Our professionals have detailed knowledge and expertise about the different tax regulations around the world.
Majorly, we provide Transfer Pricing related advice, certification & documentation.
Potential Challenges:
- Disputes and disagreements with various tax authorities;
- Difficulty in understanding foreign laws and tax regulations;
- Unable to fulfill the cross-border tax compliances.
How we can support:
- Understanding and meeting your compliance obligations;
- Implementing tax strategies that complement your business and operational objectives;
- Managing tax accounting and reporting issues;
- Supporting you through the international tax dispute resolution.