The Indian tax regime is renowned for its complexity, with frequent amendments to direct tax laws exacerbating the intricacies. At AVRSK, we diligently track and stay updated on all modifications to Direct Tax Laws, ensuring our clients receive top-tier services tailored to their needs.

Our expertise in Direct Taxes is a result of extensive research conducted both domestically and internationally, coupled with our past interactions with Indian Tax authorities. This enables us to furnish pragmatic solutions to our clients. Moreover, our diverse clientele affords us invaluable insights into industry-specific tax challenges and positions, positioning us as trusted advisors.

In addition to providing advisory, compliance, and litigation services, we prioritize tax optimization. Our comprehensive suite of direct tax services encompasses strategic tax planning and advisory, compliance management, and support in legal proceedings.

Our wide range of services in this area includes:

Advisory

• Providing opinions on various complex tax issues;
• Evaluating tax implications on EPC contracts, construction contracts, joint development agreements etc.;
• Evaluating and advising implications under ICDS and related disclosures;
• Advising and assistance in preparing the Indian tax portion of Private Placement Memorandums (PPM’s);
• Advising clients in designing a tax-efficient salary structure of employees;
• Advising on taxation of charitable trusts;
• Advising on GAAR implications of various transactions;
• Updating clients on developments in the field of direct taxes which could have a bearing on their business.

Compliance & Attest Services

Our professional services encompass a range of tax-related activities tailored to meet the needs of our clients in India. This includes the meticulous preparation and submission of tax returns, including income tax and withholding tax returns. Additionally, we handle various procedural compliances such as facilitating the application process for obtaining Permanent Account Numbers (PAN) and Tax Deduction Account Numbers (TAN), as well as assisting with requests for non-deduction or reduced withholding of taxes at the source.

We specialize in conducting tax audits and other specialized audits mandated by direct tax laws. This includes domestic transfer pricing audits and the requisite documentation. Moreover, our expertise extends to providing certification services as necessary, particularly for outward remittance transactions, ensuring compliance with regulatory requirements.

Litigation

We offer comprehensive representation services pertaining to tax assessments, which encompass various key aspects. This includes meticulously preparing responses to notices issued by tax authorities, as well as representing our clients before these authorities. Additionally, we provide expertise in crafting appeal documents and actively participate in appeal hearings to ensure our clients’ interests are effectively advocated for and protected throughout the process.

Other Services

Sanity check of all Direct Tax/Withholding Tax related compliances;

Due diligence reviews from a direct tax perspective in transactions of merger, de-merger, slump sale, and more;

1. Conducting customized training workshops for clients on all aspects impacting their business operations.

1. In light of the significant rise in multinational corporations and cross-border transactions, it is paramount for businesses to grasp the intricate tax landscapes within each jurisdiction and comprehend their collective impact on the global tax liabilities.
2. Our firm collaborates closely with tax experts across various jurisdictions to provide our clients with comprehensive insights into global tax ramifications, including strategies for tax optimization. We aim to assist them in mitigating compliance expenses across multiple jurisdictions effectively..
3. Our range of international tax services includes:

Advisory

1. 1. Evolving tax strategies and structures which would optimize tax incidence through a detailed evaluation of:
   2. – Double Tax Avoidance Agreements entered into by India with various countries (including evaluation of tax credits);
   3. – Tax incidence in other countries;
   4. Advising on the tax implications (including the implications of indirect transferc provisions) on transfer of shares;
   5. Structuring of management fees, royalty and other inter-company agreements from a tax/transfer pricing perspective;
   6. Tax optimization studies for HNI’s, foreign entities desirous of setting up a business/base in India and Indian entities desirous of setting up a business/base overseas;
   7. Transfer Pricing Studies;
   8. Advising on the applicability of Safe Harbor Rules;
   9. Analysis of the applicability of POEM Guidelines;
   10. Evaluation of the implications under the BEPS Rules, CFC Rules and the multi-lateral instruments entered by India;
   11. Advising on the applicability of Equalization Levy and rate of such levy;

Compliance

1. 1. Preparation and uploading tax returns of foreign entities/HNI’s in India;
   2. Transfer Pricing Documentation and Audits;
   3. Assistance in compliance with Master File and Country-by- Country (CbC) reporting requirements.

Litigation

Representation services in relation to transfer pricing assessments, including preparation of responses to notices, appearance before the authorities (including the Dispute Resolution Panel), preparation of appeal documents and attending to hearing of appeal matters