Corporate Tax

Corporate Tax

A direct tax imposed on the income of the company is called a corporate tax.

Expert business tax consultants with extensive knowledge of both corporate tax and associated regulatory issues make up our team. In addition to tax planning, tax compliance, filing tax returns, advice services, representation and litigation services for businesses facing income tax issues, we also offer corporate tax services. With ABJ & Co.'s perceptive corporate tax consulting services, you may finally feel at ease about your business tax-related problems and difficulties. Our strategy for achieving client satisfaction involves offering corporate tax advice services in a comprehensive manner, beginning with a thorough understanding of the client's business and ending with the filing of returns and management of legal issues. We guide our clients through every stage, providing end-to-end help to enable the development and execution of successful corporate tax plans.

Our corporate tax services

Our range of corporate tax services for our clients include the following:

• Corporate Tax Planning
• Pre-Transaction Advisory
• Tax Holiday Planning

Compliance

Our team of knowledgeable business professionals with expertise in corporate taxation provides clients with advice on corporate tax compliance issues.

• 1. Determination of tax liabilities of domestic companies and foreign
• 2. Computation of Dividend Distribution Tax (DDT) and necessary filings with the authorities
• 3. Computation of capital gains and payment of TDS thereon
• 4. Obtaining necessary registrations under the Income Tax Act 1961
• 5. Compliance related to cross border transactions

TDS

The TDS has extremely strict requirements, and breaking them could have dire repercussions. Penalties and hefty interest are imposed for failing to pay TDS, deduct TDS, or comply with any TDS compliance laws. In order to prevent penalties and interest, our hardworking team of tax professionals makes sure that our clients follow these guidelines. Our TDS compliance services include accurate TDS reporting, timely deposits, accurate calculation, deduction, and collection of TDS, timely verification and issuance of TDS certificates, timely payment of fees and interest, corrections, and management of deductor’s accounts to take necessary action.

Corporate Tax Returns Filing

Businesses must file their tax returns by September 30 of each year, at the latest, using form number ITR 6 or ITR 7, depending on the situation. Additionally, a certain class of businesses must submit an auditor's report and have their accounting reviewed in addition to their tax return. It is preferable to leave the task of filing income tax returns to our business tax consultants. The necessary knowledge is provided in the computation of the business's tax burden by ABJ & Co.'s team of business tax specialists. We stay in contact with the company all year long so that we are aware of the kinds of business activities that are conducted and how they impact the tax computations.

eTDS Returns Filing

A TDS deductor must file a TDS return in addition to deducting tax at the time of payee payment. In India, the Income Tax Department mandates that deductor’s file their quarterly TDS returns on schedule. Our group of business tax advisors makes sure that none of our customers misses the deadline for submitting these flawless e-TDS filings.

Representation & Litigation

As corporate tax consultants, we carefully manage all representations for income tax concerns before revenue agencies and tribunals as well as litigation.