Tax compliance has become a significant attribute for any entity. To accomplish this, every entrepreneur requires the assistance of a service provider that will submit all tax returns on time and advise them on how to structure their tax exposure. Steadfast Business Consultant's professionals, with their wide-ranging experience and in-depth knowledge, help you navigate the Corporate Tax Return journey efficiently. To know more, visit:
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Direct Taxes
Compliances
End-to-End Direct Tax Compliances we offerβ¦
2. What are the various Direct
Tax compliances?
Obtaining India Tax registrations (PAN /
TAN) for Non-residents
Filing of Corporate / Individual Tax Returns.
Withholding Tax compliances
Advance Tax forecast calculations
Estimating Tax liability
Tax Audit Report annexure preparation
Equalisation Levy compliances
Miscellaneous tax compliances viz., SFT
Return, TDS Return revisions, etc
3. Why is it necessary to
undertake Direct Tax
compliances?
Entities / Individuals have an obligation to
disclose their financial transactions to the
Income Tax authorities, which would have
income tax implications. The manner in which
these compliances are to be undertaken,
along with the timelines provided in the
Income Tax Act & Rules.
4. Consequences for failure to
undertake compliances?
The Income Tax Act & Rules prescribe various
penal consequences for failure to undertake
the compliances. Further, entities may not be
able to claim certain exemptions / losses if
these compliances are not met within the
timelines prescribed.
5. How can SBC help?
We have an accomplished team of Chartered
Accountants who have vast experience in
handling end-to-end direct tax compliances of
domestic companies, foreign entities as well as
individuals. Our team proactively advises
clients on the applicable compliances for their
entity structure and assists in undertaking
them within the statutory timelines.