Direct Taxes
Unceasing changes and increasing intricacies in economic/financial environment compels the legislators to bring rapid changes in tax laws. We, at GLS are providing in-depth and well thought advice to our clients/business partners by analyzing the changes from the practical perspective and providing solutions to issues in a cost-effective manner. Our domain expertise includes assisting our clients/business partners in a restructuring of business or coming to terms with frequent changes in tax regulations. We advise our clients/business partners on major developments in taxation regimes occurring periodically and their effect on business.
Corporate Advisory Services
We understand the impact of developments in tax and regulatory aspects and strategically use them to the benefit of business activities conducted by our clients/business partners. Our services include the following
- Designing Entry strategy from a tax and regulatory perspective
- Tax planning for corporate restructuring, amalgamation, demerger, slump sale, divestures and other major corporate moves.
- Tax planning strategies for profit and dividend repatriation.
- Legal opinion on Direct Tax Law and Procedures.
- Advising on withholding tax obligations on payments.
- Advice on corrective measures required under different Direct Tax statutes.
- Advice on structuring remuneration packages for employees and on cost saving opportunities so as to minimise the tax bill in the hands of employees and maximise their take home pay, and also ensure that the entire remuneration is allowed as business expenditure for the employer.
Representation Services
At GLS, we represent for our client/business partners before the various tax officials regarding their income tax matters. We appear and represent in all appeals and other proceedings including before the Income Tax Appellate Tribunal, Settlement Commission and Authority for Advance Rulings (AAR), Dispute Resolution Panel (DRP), etc. We effectively represent our clients before all layers of tax department which help taxpayers sail through audits and scrutiny by the tax departments easily.
Transfer Pricing
Objective of framing/defining transfer pricing policy is to bring certainty in the inter-company transfer pricing and also mitigate the transfer pricing exposure in advance. At GLS, we have a team of professionals having professional acumen in accounting, taxation and law. This combination of professionals enables us to deal all the transfer pricing matters in a technical and innovative manner. Our Services includes the following
- Transfer pricing Planning
- Documentation
- Transfer Pricing Study Report
- Litigation Support
- Advice on all relevant matters.
Tax Compliance and Certification Services
Maintenance of accounting records in an efficient manner, timely statutory compliances are most important aspect to any business which in turn reduce risks, enable effective financial monitoring and control, and increase efficiency. In this regard, we offer Compliances and Reporting Services mentioned as under
- Tax Audits as per the provisions of the Indian Income tax Laws
- Preparation and Review of corporate tax returns to ensure compliances with the Income Tax Act, 1961.
- Payment of Tax on Employment
- Monthly compiling of TDS from client records, timely deposit of taxes, filing of Quarterly E-TDS returns & issuance of Annual Certificated to Vendors. etc.
- Help during tax audit by revenue authorities
- Obtaining PAN/TAN
At GLS, we further undertake consultancy and certification services required for making foreign remittances according to the provisions of section 195 of the Income Tax Act, 1961 or as per Double Taxation Avoidance agreements (DTAA). We also provide the services obtaining Lower TDS Certificate from the Income Tax Department.
