The document provides an overview of India's Faceless Assessment Scheme. Key points include:
1. The scheme aims to make the tax assessment process faceless, paperless, and anonymous through the use of technology.
2. Assessments will be conducted by assessment units organized under National and Regional E-Assessment Centers, removing direct interaction between taxpayers and individual tax officers.
3. Most income tax cases will be eligible for faceless assessment, except for certain sensitive cases involving serious tax evasion.
4. The document outlines the legal provisions, organizational structure, and step-by-step procedures for conducting assessments under the new faceless system.
The document outlines the various finance and accounting outsourcing services provided by SBC such as accounts payable, accounts receivable, bookkeeping, payroll processing, tax preparation and filing, audit assistance, and virtual CFO services. It also details additional services including business process outsourcing, business makeovers, legal services, and virtual CFO services. SBC aims to help clients streamline their finance functions, ensure compliance, and gain insights for improved decision making.
Steadfast Consulting provides accounts receivable outsourcing services to help organizations improve cash flow. Their services include billing, collections, payment processing, and accounts receivable reporting. Outsourcing accounts receivable to Steadfast allows companies to focus on core business activities while Steadfast handles the labor-intensive back office work. Steadfast has experts that provide tailored accounts receivable solutions and work 24/7 to handle changing workloads.
This document provides an overview of equity share valuation requirements under different statutes in India. It discusses the purpose of equity share valuation for various business decisions and events. The key statutes that require equity share valuation are the Companies Act 2013, Income Tax Act 1961, and Foreign Exchange Management Act 1999. Registered valuers, merchant bankers, and chartered accountants are authorized to conduct valuations depending on the statute. The document also outlines the valuation requirements and purposes under the different statutes. It introduces Steadfast Business Consulting as a firm that can assist with valuation reports and determining fair equity values.
This document discusses equity share valuation under different statutes. It provides an overview of the purpose of equity share valuation and who can perform valuations. It then discusses valuation requirements and triggers under the key statutes - the Companies Act 2013, Income Tax Act 1961, and Foreign Exchange Management Act 1999. Finally, it covers common methods of valuation including discounted cash flow, capitalization of earnings, and asset-based approaches.
The document discusses transfer pricing and international taxation services provided by SBC, including transfer pricing documentation, dispute resolution, advisory services, and compliance filings. It outlines SBC's team of experienced professionals and their expertise in transfer pricing. Key services mentioned include transfer pricing planning, documentation, controversy resolution, risk management, and integrated tax planning. Compliance requirements such as documentation, accountant's reports, master files, and country-by-country reporting are also summarized.
This document summarizes the master file and country-by-country reporting requirements in India. It outlines the applicability, contents, forms, and due dates for master file reporting, including differences from OECD requirements. It also summarizes the applicability, contents in line with the BEPS Action 13 template, and forms and timelines for country-by-country reporting. Finally, it provides the penalties for non-compliance with master file and country-by-country reporting in India.
The document discusses emerging trends and recent judicial precedents related to transfer pricing. It provides an overview of key concepts in transfer pricing such as the arm's length principle, applicable transactions, associated enterprises, international transactions, specified domestic transactions, prescribed transfer pricing methods including comparable uncontrolled price method, resale price method, cost plus method, and profit split method. It also discusses comparables and factors affecting comparability.
The document provides an overview of India's Faceless Assessment Scheme. Key points include:
1. The scheme aims to make the tax assessment process faceless, paperless, and anonymous through the use of technology.
2. Assessments will be conducted by assessment units organized under National and Regional E-Assessment Centers, removing direct interaction between taxpayers and individual tax officers.
3. Most income tax cases will be eligible for faceless assessment, except for certain sensitive cases involving serious tax evasion.
4. The document outlines the legal provisions, organizational structure, and step-by-step procedures for conducting assessments under the new faceless system.
The document outlines the various finance and accounting outsourcing services provided by SBC such as accounts payable, accounts receivable, bookkeeping, payroll processing, tax preparation and filing, audit assistance, and virtual CFO services. It also details additional services including business process outsourcing, business makeovers, legal services, and virtual CFO services. SBC aims to help clients streamline their finance functions, ensure compliance, and gain insights for improved decision making.
Steadfast Consulting provides accounts receivable outsourcing services to help organizations improve cash flow. Their services include billing, collections, payment processing, and accounts receivable reporting. Outsourcing accounts receivable to Steadfast allows companies to focus on core business activities while Steadfast handles the labor-intensive back office work. Steadfast has experts that provide tailored accounts receivable solutions and work 24/7 to handle changing workloads.
This document provides an overview of equity share valuation requirements under different statutes in India. It discusses the purpose of equity share valuation for various business decisions and events. The key statutes that require equity share valuation are the Companies Act 2013, Income Tax Act 1961, and Foreign Exchange Management Act 1999. Registered valuers, merchant bankers, and chartered accountants are authorized to conduct valuations depending on the statute. The document also outlines the valuation requirements and purposes under the different statutes. It introduces Steadfast Business Consulting as a firm that can assist with valuation reports and determining fair equity values.
This document discusses equity share valuation under different statutes. It provides an overview of the purpose of equity share valuation and who can perform valuations. It then discusses valuation requirements and triggers under the key statutes - the Companies Act 2013, Income Tax Act 1961, and Foreign Exchange Management Act 1999. Finally, it covers common methods of valuation including discounted cash flow, capitalization of earnings, and asset-based approaches.
The document discusses transfer pricing and international taxation services provided by SBC, including transfer pricing documentation, dispute resolution, advisory services, and compliance filings. It outlines SBC's team of experienced professionals and their expertise in transfer pricing. Key services mentioned include transfer pricing planning, documentation, controversy resolution, risk management, and integrated tax planning. Compliance requirements such as documentation, accountant's reports, master files, and country-by-country reporting are also summarized.
This document summarizes the master file and country-by-country reporting requirements in India. It outlines the applicability, contents, forms, and due dates for master file reporting, including differences from OECD requirements. It also summarizes the applicability, contents in line with the BEPS Action 13 template, and forms and timelines for country-by-country reporting. Finally, it provides the penalties for non-compliance with master file and country-by-country reporting in India.
The document discusses emerging trends and recent judicial precedents related to transfer pricing. It provides an overview of key concepts in transfer pricing such as the arm's length principle, applicable transactions, associated enterprises, international transactions, specified domestic transactions, prescribed transfer pricing methods including comparable uncontrolled price method, resale price method, cost plus method, and profit split method. It also discusses comparables and factors affecting comparability.
The document provides updates on corporate tax and transfer pricing regulations introduced in the United Arab Emirates (UAE). Key points include:
1) The UAE will introduce corporate income tax effective June 2023/January 2024, applying to businesses and commercial activities at a rate of 0% up to AED 375,000 and 9% above. Large multinationals may face different rates.
2) Taxable income will be accounting net profit adjusted under UAE tax law and reported consistently in financial statements. Some exemptions are provided.
3) Transfer pricing rules will follow the arm's length principle per OECD guidelines, but withholding tax and tax returns involve only one filing electronically per group
The document summarizes recent amendments made by SEBI to regulations regarding related party transactions for listed entities in India. Key changes include expanding the definition of related parties, lowering the transaction value threshold for classifying deals as material, and increasing disclosure and approval requirements for related party transactions. The new rules are effective from April 1, 2022, with no deferment by SEBI, and aim to strengthen corporate governance standards for listed companies regarding related party dealings.
The document provides an overview of India's Advance Pricing Agreement (APA) regime, including key benefits of APAs, the APA application and conclusion process, sectoral analyses of concluded APAs, and comparative timelines for unilateral versus bilateral APAs. Some key highlights are that over 1,100 APA applications have been filed to date in India, with most being for the services sector. The transactional nature covered most often is payment of royalties. The transactional nature covered most often is payment of royalties. The timeline for bilateral APAs is longer than for unilateral APAs due to involvement of multiple tax authorities.
This document discusses key concepts related to the taxation of non-residents in India, including business connection, permanent establishment, and significant economic presence. It provides an overview of how non-resident companies are taxed in India based on the source of their income. The concept of permanent establishment is defined as a fixed place of business through which the business of an enterprise is carried out. The document outlines different types of permanent establishments under most tax treaties, including fixed place, agency, construction, and service PEs. It also compares and contrasts business connections and permanent establishments.
This document provides an overview of the OECD/G20 Inclusive Framework agreement on Pillars One and Two of the Base Erosion and Profit Shifting (BEPS) project. Pillar One introduces new profit allocation and nexus rules that re-allocate some taxing rights over large multinational enterprises to market jurisdictions. Pillar Two establishes a global minimum corporate tax rate of 15% through two interlocking rules: the Income Inclusion Rule and Undertaxed Payment Rule. The agreement also outlines scope, thresholds, carve-outs, dispute prevention and resolution processes, and guidance for implementation.
The document discusses the services provided by Steadfast Business Consulting LLP related to transaction advisory. It outlines the areas they specialize in including corporate restructuring, regulatory financial structuring, acquisition structuring, divestment advisory, succession planning, inbound investment advisory, outbound advisory, private equity transaction advisory, and funds/REIT/INVIT. It then provides more details on the specific services offered within each area.
Succession planning involves establishing structures and agreements to perpetuate family wealth across generations in a tax efficient manner. It ensures smooth transfer of business and personal assets while mitigating inheritance tax. Key elements include holding companies, partnerships, LLPs, trusts and family constitutions. Succession planning is often done alongside group restructuring to streamline ownership and control of businesses according to strategic vision and tax considerations. Trust structures are commonly used where a trustee holds legal title to trust property for the benefit of beneficiaries. Succession planning requires evaluating various options against tax, legal and regulatory implications.
This document provides an overview of startups in India. Some key details include:
- There are over 41,000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
- Startups have reported creating over 4.7 lakh jobs and received over Rs. 4,500 crore in investments through the Fund of Funds scheme.
- Various policies and reforms have been implemented to support startups, including tax benefits, regulatory changes, and programs to help startups access markets and skills training.
This document summarizes various tax and regulatory considerations for Non-Resident Indians (NRIs). It discusses the residential status of individuals under the Indian Income Tax Act and Foreign Exchange Management Act, including the criteria to be considered a resident or non-resident. It also outlines the scope of tax applicable to residents and non-residents based on their residential status. Additionally, it covers special tax provisions for NRIs related to capital gains and TDS, permissible foreign exchange investments, and types of bank accounts NRIs can open and their key features.
The document provides information on taxation and compliance requirements for expatriates working in India. It discusses obtaining the proper work visa and registering with immigration authorities. It also outlines individual tax rates and residency rules in India, as well as key employer obligations like providing maternity leave and minimum wages. Compliance areas like tax registrations, filing returns, and double taxation avoidance agreements are also summarized.
Steadfast Business Consulting LLP is a professional services firm that provides financial, auditing, taxation, secretarial, legal and advisory services. They have a team of qualified professionals with experience in accounting, finance, law, tax, auditing and business process outsourcing. Steadfast focuses on client satisfaction through engagement, team continuity and understanding client needs to provide value-driven solutions. Their objective is to deliver timely, innovative and quality services to businesses.
The document discusses the corporate secretarial services offered by Steadfast Business Consulting LLP. It provides an overview of the company's services including corporate advisory, company formation, compliance checks, secretarial audits, litigation support, and intellectual property advisory. The company aims to help clients comply with complex corporate secretarial requirements through customized solutions and a team of legal and secretarial experts.
The document summarizes recent updates to corporate and LLP laws in India in response to COVID-19. It outlines two new schemes - the Companies Fresh Start Scheme, 2020 which gives defaulting companies a chance to file overdue documents by September 2020 with normal fees, and the LLP Settlement Scheme, 2020 which allows defaulting LLPs to file certain overdue documents by September 2020 with reduced fees and immunity from prosecution. It also lists relaxations provided by SEBI and stock exchanges to reduce compliance burdens during the pandemic.
The Supreme Court of India set aside various High Court orders and ruled that reassessment notices issued under Section 148 of the Income Tax Act after March 2021 would be deemed issued under Section 148A, which was introduced in the Finance Act of 2021. This overrides High Court judgments that had quashed notices issued without following the new procedure under Section 148A. The Supreme Court provided taxpayers an opportunity to respond to the authorities within set timelines and ensured notices are processed under the correct amended provisions, in an effort to balance taxpayer rights and the ability of tax authorities to issue valid notices.
The Central Board of Direct Taxes (CBDT) has extended various income tax filing deadlines due to ongoing COVID-19 difficulties. Key extensions include the tax audit report deadline moving from January 15/31 to February 15, the transfer pricing report deadline moving from January 31 to February 15, the non-taxpayer return deadline moving from February 15 to March 15, and the taxpayer return deadline moving from February 28 to March 15. Interest will still apply on late payments over Rs. 1 lakh.
The High Court of Telangana ruled that a taxpayer is eligible to settle a dispute under the Direct Tax Vivad Se Vishwas Act (DTVSV) even if the time limit to file objections against a draft assessment order expired before the specified date of January 31, 2020. Specifically:
1) The taxpayer did not file objections to a draft assessment order issued on December 30, 2019 by the deadline of January 29, 2020.
2) The final assessment order was issued on February 10, 2020.
3) The taxpayer applied to settle the dispute under the DTVSV Act on March 30, 2020, relying on clarification in a CBDT circular that expanded the definition of an "appellant
The CBDT has extended various income tax due dates for electronic filing of forms due to technical glitches in the new income tax portal. The extensions range from 15 days to 4 months depending on the form. The CBDT has also clarified the revised payment schedule under the Voluntary Settlement Scheme (VSS) Act, extending the due date for payment of disputed tax from August 31 to September 30 without additional amount, while keeping the sunset date of October 31 for payment with additional cost. The CBIC has also extended some GST due dates under the amnesty scheme by 1 month to September 30.
The CBDT has notified the e-Settlement Scheme 2021 to electronically settle cases pending before the Settlement Commission. The scheme provides the procedure for the Interim Board constituted through the Finance Act 2021 to electronically dispose of pending applications. Key features include the Interim Board conducting e-settlement of randomly allocated applications with assistance from tax authorities. The proceedings will not be public and all communication must be electronic, without personal appearances.
The document provides updates on corporate tax and transfer pricing regulations introduced in the United Arab Emirates (UAE). Key points include:
1) The UAE will introduce corporate income tax effective June 2023/January 2024, applying to businesses and commercial activities at a rate of 0% up to AED 375,000 and 9% above. Large multinationals may face different rates.
2) Taxable income will be accounting net profit adjusted under UAE tax law and reported consistently in financial statements. Some exemptions are provided.
3) Transfer pricing rules will follow the arm's length principle per OECD guidelines, but withholding tax and tax returns involve only one filing electronically per group
The document summarizes recent amendments made by SEBI to regulations regarding related party transactions for listed entities in India. Key changes include expanding the definition of related parties, lowering the transaction value threshold for classifying deals as material, and increasing disclosure and approval requirements for related party transactions. The new rules are effective from April 1, 2022, with no deferment by SEBI, and aim to strengthen corporate governance standards for listed companies regarding related party dealings.
The document provides an overview of India's Advance Pricing Agreement (APA) regime, including key benefits of APAs, the APA application and conclusion process, sectoral analyses of concluded APAs, and comparative timelines for unilateral versus bilateral APAs. Some key highlights are that over 1,100 APA applications have been filed to date in India, with most being for the services sector. The transactional nature covered most often is payment of royalties. The transactional nature covered most often is payment of royalties. The timeline for bilateral APAs is longer than for unilateral APAs due to involvement of multiple tax authorities.
This document discusses key concepts related to the taxation of non-residents in India, including business connection, permanent establishment, and significant economic presence. It provides an overview of how non-resident companies are taxed in India based on the source of their income. The concept of permanent establishment is defined as a fixed place of business through which the business of an enterprise is carried out. The document outlines different types of permanent establishments under most tax treaties, including fixed place, agency, construction, and service PEs. It also compares and contrasts business connections and permanent establishments.
This document provides an overview of the OECD/G20 Inclusive Framework agreement on Pillars One and Two of the Base Erosion and Profit Shifting (BEPS) project. Pillar One introduces new profit allocation and nexus rules that re-allocate some taxing rights over large multinational enterprises to market jurisdictions. Pillar Two establishes a global minimum corporate tax rate of 15% through two interlocking rules: the Income Inclusion Rule and Undertaxed Payment Rule. The agreement also outlines scope, thresholds, carve-outs, dispute prevention and resolution processes, and guidance for implementation.
The document discusses the services provided by Steadfast Business Consulting LLP related to transaction advisory. It outlines the areas they specialize in including corporate restructuring, regulatory financial structuring, acquisition structuring, divestment advisory, succession planning, inbound investment advisory, outbound advisory, private equity transaction advisory, and funds/REIT/INVIT. It then provides more details on the specific services offered within each area.
Succession planning involves establishing structures and agreements to perpetuate family wealth across generations in a tax efficient manner. It ensures smooth transfer of business and personal assets while mitigating inheritance tax. Key elements include holding companies, partnerships, LLPs, trusts and family constitutions. Succession planning is often done alongside group restructuring to streamline ownership and control of businesses according to strategic vision and tax considerations. Trust structures are commonly used where a trustee holds legal title to trust property for the benefit of beneficiaries. Succession planning requires evaluating various options against tax, legal and regulatory implications.
This document provides an overview of startups in India. Some key details include:
- There are over 41,000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
- Startups have reported creating over 4.7 lakh jobs and received over Rs. 4,500 crore in investments through the Fund of Funds scheme.
- Various policies and reforms have been implemented to support startups, including tax benefits, regulatory changes, and programs to help startups access markets and skills training.
This document summarizes various tax and regulatory considerations for Non-Resident Indians (NRIs). It discusses the residential status of individuals under the Indian Income Tax Act and Foreign Exchange Management Act, including the criteria to be considered a resident or non-resident. It also outlines the scope of tax applicable to residents and non-residents based on their residential status. Additionally, it covers special tax provisions for NRIs related to capital gains and TDS, permissible foreign exchange investments, and types of bank accounts NRIs can open and their key features.
The document provides information on taxation and compliance requirements for expatriates working in India. It discusses obtaining the proper work visa and registering with immigration authorities. It also outlines individual tax rates and residency rules in India, as well as key employer obligations like providing maternity leave and minimum wages. Compliance areas like tax registrations, filing returns, and double taxation avoidance agreements are also summarized.
Steadfast Business Consulting LLP is a professional services firm that provides financial, auditing, taxation, secretarial, legal and advisory services. They have a team of qualified professionals with experience in accounting, finance, law, tax, auditing and business process outsourcing. Steadfast focuses on client satisfaction through engagement, team continuity and understanding client needs to provide value-driven solutions. Their objective is to deliver timely, innovative and quality services to businesses.
The document discusses the corporate secretarial services offered by Steadfast Business Consulting LLP. It provides an overview of the company's services including corporate advisory, company formation, compliance checks, secretarial audits, litigation support, and intellectual property advisory. The company aims to help clients comply with complex corporate secretarial requirements through customized solutions and a team of legal and secretarial experts.
The document summarizes recent updates to corporate and LLP laws in India in response to COVID-19. It outlines two new schemes - the Companies Fresh Start Scheme, 2020 which gives defaulting companies a chance to file overdue documents by September 2020 with normal fees, and the LLP Settlement Scheme, 2020 which allows defaulting LLPs to file certain overdue documents by September 2020 with reduced fees and immunity from prosecution. It also lists relaxations provided by SEBI and stock exchanges to reduce compliance burdens during the pandemic.
The Supreme Court of India set aside various High Court orders and ruled that reassessment notices issued under Section 148 of the Income Tax Act after March 2021 would be deemed issued under Section 148A, which was introduced in the Finance Act of 2021. This overrides High Court judgments that had quashed notices issued without following the new procedure under Section 148A. The Supreme Court provided taxpayers an opportunity to respond to the authorities within set timelines and ensured notices are processed under the correct amended provisions, in an effort to balance taxpayer rights and the ability of tax authorities to issue valid notices.
The Central Board of Direct Taxes (CBDT) has extended various income tax filing deadlines due to ongoing COVID-19 difficulties. Key extensions include the tax audit report deadline moving from January 15/31 to February 15, the transfer pricing report deadline moving from January 31 to February 15, the non-taxpayer return deadline moving from February 15 to March 15, and the taxpayer return deadline moving from February 28 to March 15. Interest will still apply on late payments over Rs. 1 lakh.
The High Court of Telangana ruled that a taxpayer is eligible to settle a dispute under the Direct Tax Vivad Se Vishwas Act (DTVSV) even if the time limit to file objections against a draft assessment order expired before the specified date of January 31, 2020. Specifically:
1) The taxpayer did not file objections to a draft assessment order issued on December 30, 2019 by the deadline of January 29, 2020.
2) The final assessment order was issued on February 10, 2020.
3) The taxpayer applied to settle the dispute under the DTVSV Act on March 30, 2020, relying on clarification in a CBDT circular that expanded the definition of an "appellant
The CBDT has extended various income tax due dates for electronic filing of forms due to technical glitches in the new income tax portal. The extensions range from 15 days to 4 months depending on the form. The CBDT has also clarified the revised payment schedule under the Voluntary Settlement Scheme (VSS) Act, extending the due date for payment of disputed tax from August 31 to September 30 without additional amount, while keeping the sunset date of October 31 for payment with additional cost. The CBIC has also extended some GST due dates under the amnesty scheme by 1 month to September 30.
The CBDT has notified the e-Settlement Scheme 2021 to electronically settle cases pending before the Settlement Commission. The scheme provides the procedure for the Interim Board constituted through the Finance Act 2021 to electronically dispose of pending applications. Key features include the Interim Board conducting e-settlement of randomly allocated applications with assistance from tax authorities. The proceedings will not be public and all communication must be electronic, without personal appearances.
Direct Tax - Managing Income Tax refunds through e-Nivaran _ CPGRAMS.pdf
1. Managing Income Tax
refunds through e-
Nivaran & CPGRAMS
Timely disposal of income tax
refunds – SBC credentials
2. Key problems faced by Companies in getting timely refunds
Consequential orders not passed
Delay in processing Returns
Typically, Income-tax returns are
processed between six months to
one year from filing the ROI. This
causes delay in receipt of refund
arising from excess TDS / advance
tax. There are even cases where
returns are not processed till
of assessment
completion
proceedings
Time consuming litigation process
Another major reason would be
delay in passing consequential /
rectification orders by the tax
authorities. Even though appellate
authorities had passed favorable
orders, refund shall not be issued till
such orders are passed.
As per the prevailing tax law, a
Company would be required to
deposit certain portion of tax
demand at the time of filing any
appeal before tax courts. This will
block the money till the litigation is
concluded, which may take long
time.
3. PAGE 03
www.steadfastconsultants.in
Proactively expediting
processing of ROI
Customised
representation strategy
Identifying year wise
refund / demand status
for adjusting, if any
Bi-weekly meeting with
client on status
Grievance through e-
Nivaran mechanism
Monthly / quarterly targets
for refund processing
Filing of submissions,
documents with tax authorities,
as may be required
Escalation before CBDT
on critical matters
Approach
Our Approach for Tax refund processing
4. PAGE 04
www.steadfastconsultants.in
Liaising with tax authorities through e- Nivaran
• How e-Nivaran works
• e-Nivaran is an online grievance redressalsystem wherein assesses
can submit their grievances to tax authorities
• This new system shall be monitored by the senior tax authorities
who shall track the grievance from its start to closure
• Issues faced in e-Nivaran
• Often practically, assesses who have raised grievances in e-Nivaran
have got their grievances closed without solving the issue (viz.,
refund not issued due to any reason)
• In such situations, while e-Nivaran identifies the problem due to
which refund is delayed, the same has not been processed and
requires action to be undertaken by the assessees
• How can SBC assist
• SBC shall assist in not only filing grievances through e-Nivaran, but
also liaise with relevant tax authorities in discussing the facts of
the cases to resolve the same
• Where needed, we shall also assist in liaising with jurisdictional
Commissioners to expedite the matters
6. PAGE 06
www.steadfastconsultants.in
Liaising with CBDT through CPGRAMS
• How CPGRAMS works
• Centralized Public Grievance Redress And Monitoring System
or CPGRAMS is a redressal mechanism offered by the
Ministry of Personnel, Public Grievances & Pensions of
Government of India
• This mechanism enables taxpayers to get their long pending
issues addressed directly by CBDT which are not settled by
the jurisdictional tax authorities
• CBDT shall assess the grievance and works back with the
assessee & jurisdictional tax authorities in resolving the same
• How can SBC assist
• SBC shall assist in filing the complaint through CPGRAMS with
respect to pending refunds / orders granting relief
• We shall liaise with CBDT authorities w.r.t.facts of the case
and assist in obtaining directions to jurisdictional tax
authorities for settling the matters
• Basis such directions, we shall represent before jurisdictional
authorities in passing necessary orders / issuing refunds
8. PAGE 08
www.steadfastconsultants.in
SBC ADVANTAGES
Collective professional
experience of 100+ years
Industry Specific
Knowledge
Exclusive team for
Litigation
Continuous Support and
Commitment
Agile working
Young and
Dynamic Team Leaders
Cost Saving
9. PAGE 09
www.steadfastconsultants.in
» Ascertain our client needs and even exceed their expectations
» Keep abreast with latest developments and update clients about them
» Keep a perfect communication line on with clients to enhance client’s
perception of the value and quality of our service
» Broaden and strengthen client relationships to facilitate better
communication and foster client loyalty
» Plan meticulously and execute the client service program in such a way
that commitments are met, potential problems anticipated and pitfalls
avoided
» Ascertain client’s assessment of our performance and suitably change our
approach
STEADFAST BUSINESS CONSULTANCY
Client Service Philosophy
10. PAGE 010
www.steadfastconsultants.in
CA MITHILESH SAI
Founder
mithilesh@sbcllp.in
+91 95531 11131
EXPERTISE
Transfer Pricing & International
Taxation
CORE COMPETENCIES
Mithilesh has over 12 years of experience in Big 4s and consulting practice in the field of Transfer
Pricing, Direct ad Indirect taxation and regulatory matters. Along with being a Chartered
accountant and lawyer, he specializes in Litigation handling, representation and is a certified
professional in Forensic Audit and International T
ax by ICAI. He along with his team expertise's in
» Transfer Pricing - Advisory, TP documentation, representation before TP authorities (TPO, DRP
and CIT(A) and ITAT)
» Experienced in filing Advance Pricing Agreements (APA- Bilateral and Unilateral) Applications
and related assignments, Global Transfer Pricing Review for multinationals;
» Planning for BEPS-CBCR requirements and preparing master file, local file documentations;
» Representation before Income T
ax Appellate Tribunal, DRP and handling Litigation Practice;
» International T
ax Services – Inbound and Outbound advisory; providing advisory services in the
areas of Indian Taxation, International T
ax and the Double Taxation Avoidance Agreement (DTAA)
- US, UK and Singapore Taxation;
» Direct and Indirect T
ax advisory, compliances and handling litigation cases with vast experience
of dealing with complex affairs and getting positive outcomes, tax planning and assurance;
» Advising clients on managing their tax structures including outbound investments, evaluation of
alternative cross border operating structures for the business;
» Transaction tax, structuring and corporate tax advisory services to clients in Technology,
Pharma, Construction and Real Estate Industry in relation to Tax, FEMA, SEBI and Stamp Duty
regulations.
» Risk advisory, FTP incentives handling, Cosec documentation, filing and NCCLT related
representations and valuations of financial transactions and evaluating funding options and
sourcing seed capital and venture capital investments
Our differentiating team for tax refund monetization
11. PAGE 011
www.steadfastconsultants.in
• Hemanth has over 9 years of experience in Tax, Accounts & Financial Reporting –
assisting clients in diversified industries on various assignments such as reporting,
audits, compliances, advisory and tax representation services.
• He holds certificate for completion of fraud and detection course conducted by ICAI.
He is also engaged in teaching tax, auditing to CA students
• Hemanth specializes in the areas of Tax compliance, Tax litigation and Business tax
advisory.
EXPERTISE Direct Taxation
CA HEMANTH KOLACHANA
hemanth@sbcllp.in
+91 94938 88280
raviteja@sbcllp.in
+91 96037 79465
EXPERTISE Direct Tax And Risk Advisory
• Raviteja has over 9 years of experience in Big 4’s as well as Industry in the field of
Corporate Taxation, International taxation, Finance and Risk advisory.
• He is associated with multiple finance and tax professionals across industries like
Pharma, Information Technology, Manufacturing and provides value driven
solutions to Finance function of businesses.
• Raviteja also has experience in transaction due diligence, group structuring and
cross border tax advisory.
• Advising clients in tax effective structures for inbound and outbound transactions
CA HEMANTH KOLACHANA
hemanth@sbcllp.in
+91 94938 88280
CA RAVITEJA PARINAM
raviteja@sbcllp.in
+91 96037 79465
Our differentiating team for tax refund monetization
12. PAGE 012
www.steadfastconsultants.in
CONTACT US
For more details please logon to http://www.steadfastconsultants.in
DELHI MUMBAI CHENNAI BANGALORE
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Ville,, Madhapur, Hitech City,
Hyderabad – 500081
C- 699A, 1st Floor, Sector-7,
Palam Extn., Dwarka, New
Delhi, Delhi 110075
Flat no.3, Plot no.226/227,
Sion East, Mumbai - 400022
Old no 19, New no 13B, New
Bangaru colony first Street,
KK Nagar West, Chennai
600078
90/1, 3rd Floor, Pasha South
Square, Rathavilas Road,
Basavangudi, Bangalore -
560004
Vijayawada : # 56-11-3, Sri Devi Complex, Y.V.R Street, MG Road, Patamata, Vijayawada, Andhra
Pradesh
Tirupati : H. No: 6-154/1, Syamala Nilayam, Near Water Tank, Akkarampalli, Tirupathi, Andhra
Pradesh
Vishakhapatnam: Level 3, Kupilli Arcade, Akkayyapalem, Visakhapatnam 530016,
Andhra Pradesh
Kurnool: #21, Top Floor, Skandanshi Vyapaar, New Bus Stand Road, Kurnool 518 003, Andhra
Pradesh
Overseas :
UAE Address: 2103, Bayswater Tower, Business Bay,
Dubai, UAE
USA Address: SBC LLC, 8 The Green, Suite
A in the City of Dover, Delaware - 19901
HYDERABAD