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Services, Tax
 
Overview: Post 1992 liberalization, India has become the
destination of choice for multinational and foreign enterprises for their
business and investment activities. India offers a host of advantages such
as a stable political scenario, liberalized exchange control, literate and
hardworking workforce, lower operating costs, abundance of natural
resources, favorable timing differences and so on. More and more global
players are establishing or increasing their presence in India. The prime
concerns of the entrant are two-fold:
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Minimization the entry and exit costs
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Compliance with tax and regulatory
requirements
We at A R Sodha & Co. have more than 30 years of experience in advising
multinationals and foreign investors.
Our areas of specialization include:
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Legitimate planning of investment into India
to optimize entry/exit costs
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Easy-to-implement business models
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Assistance in set-up related as well as
ongoing tax and regulatory compliance.
Our Approach: ARS Tax advisory services focus towards each clients
tax requirements and objectives and thereby facilitating them in
accomplishing effective tax compliance and thus controlling resultant cost.
Tax Related Services: Our Services
include
Business Tax Advisory Services:>
Businesses today increasingly view tax as a part of the transaction cost of
an acquisition or divestment and focus on its minimization. Tax plays an
important role in defining transactions and concluding negotiations. It can
also have an impact on shareholder value.
Our Business Tax Advisory team has an in-depth knowledge of various
industries. We advise businesses on tax-efficient manner of structuring
transactions. We also assist our clients in discharging their compliances
and reporting responsibilities.
Double Tax Avoidance: India has a network of treaties with a host of
foreign nations which are primarily designed to eliminate double taxation on
incomes which are otherwise taxed by the source country (in which the income
is earned) and residence country (where the income-earner is a resident).
Our international taxation team has experience
and expertise in the matters of interpretation of treaties. We can help
optimize income-tax implications by proper interpretation and application of
treaties. We can also help minimize the issues arising in implementation of
tax treaties.
Transfer pricing: India has recently introduced detailed transfer
pricing provisions that require transactions with associated enterprises to
be undertaken on an arm’s length basis. The regulations also require
maintenance of documentation and furnishing of an accountant’s report to the
tax authorities in support of such arm’s length pricing. Significant
penalties are prescribed for non-compliance.
Our transfer pricing team can assist you in
timely compliance of the requirements. We have an in-depth knowledge of
various Indian industries, which is the prime requirement for conducting a
transfer pricing study. Our databases contain up-to-date publicly available
data. We also assist you in compliance with the other transfer pricing
related requirements such as furnishing the accountant’s report,
representation before the transfer pricing officer, etc.
Other services: The reservoir of our other services include:
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Advising on tax and regulatory issues in
consonance with judicial pronouncements and regulations
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Compliance including filing of tax returns
representation before tax officers as well as before the first and second
level appellate authorities. Where necessary, with prior approval, we can
also engage Counsels to argue appeals.
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Advising on tax implications, post deal
integration, conducting tax due diligences and tax efficient deal
structuring for acquisitions, divestments, joint ventures etc.
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Personal Tax Advisory Services: We provide the
following services to our individual clients:
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Tax compliance and Tax planning
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Financial planning including Wealth Management
advisory
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Representations before authority
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Advising non-residents
Indirect tax
The cash flow implication on account of indirect tax which includes excise,
service tax, VAT etc is substantial and it requires special deliberations
and attention.
Our Services include:
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Tax Compliance
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Tax planning
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Advising on indirect tax consequences of
mergers, de mergers, acquisitions and disposals
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Advising on tax efficient structure and
correlating with industry preferred practice
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Review of Processes, advising on documentation
etc.
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