Corporate Tax Services
Corporate Tax
Corporate Tax is a Direct Tax levied on a Company's Income.
Our team comprises experienced corporate tax consultants with extensive knowledge of corporate taxation and related regulatory matters. We offer a range of corporate tax services, including tax planning, compliance, returns filing, advisory, and representation in income tax disputes faced by companies. BEETA ONE’s comprehensive corporate tax consulting services effectively address your tax challenges, providing you with peace of mind. Our client satisfaction stems from a holistic approach, starting with an in-depth understanding of your business, followed by seamless tax filing and litigation support. We guide clients through every step, ensuring the successful planning and implementation of effective corporate tax strategies.
The corporate tax provisions outlined in Indian Tax Laws are complex, making them challenging for the average person to comprehend and apply. Beyond tax payments, companies must address strategic tax planning, compliance with tax authorities, and accurate financial reporting, all of which demand a thorough understanding of the Income Tax Act, 1971, and its associated rules. Whether a company is filing taxes for the first time or has been a long-time taxpayer, our business tax advisory services can provide significant benefits.
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Our corporate tax services
Our Range of Corporate Tax services for our Clients Include the Following:
CORPORATE TAX PLANNING
As corporate tax advisors, we offer comprehensive tax planning and advisory services to our clients. We assist companies in identifying legal opportunities to maximize savings through effective tax planning. Staying updated on deductions, allowances, and exclusions under the law, we craft tailored tax strategies based on the company’s financial position to ensure optimal tax efficiency. Our services extend to meticulous planning of expenses and capital budgeting to achieve the best outcomes.
PRE-TRANSACTION ADVISORY
It is crucial for corporations to understand the tax implications and assess potential risks before engaging in a transaction. We offer pre-transaction advisory services to help clients evaluate various tax outcomes, including available incentives and reliefs, before finalizing any commitments. Our team of corporate tax consultants, with extensive experience across diverse industries, delivers industry-specific tax consultancy tailored to meet unique business needs.
TAX HOLIDAY PLANNING
A tax holiday provides certain industries with temporary relief from paying taxes, as specified under Indian tax laws. This incentive helps businesses sustain or grow, ultimately contributing to higher taxable revenue for the government in the future. Our team of corporate tax consultants identifies and leverages such opportunities to maximize benefits for our clients.
Compliance
Our team of corporate tax experts, with strong business acumen, provides clients with comprehensive guidance on corporate tax compliance matters.
T D S
The provisions of TDS are very rigorous, and non-compliance to these provisions may lead to severe consequences. In case of non-deduction of TDS, non-payment of TDS, or default on any of the TDS compliance laws, leads to high interest and penalties. Our diligent team of tax experts ensures that our clients comply with these provisions to avoid penalties and interest. Our TDS compliance services include calculation/deduction/collection of TDS at correct rates, timely deposit, accurate reporting of TDS, submission of TDS returns within the due dates, verification, and issuance of TDS certificates within time, corrections, payment of fees/interest amounts, and management of deductor’s accounts to take appropriate action.
Corporate Tax Returns Filing
The provisions of TDS are very rigorous, and non-compliance to these provisions may lead to severe consequences. In case of non-deduction of TDS, non-payment of TDS, or default on any of the TDS compliance laws, leads to high interest and penalties. Our diligent team of tax experts ensures that our clients comply with these provisions to avoid penalties and interest. Our TDS compliance services include calculation/deduction/collection of TDS at correct rates, timely deposit, accurate reporting of TDS, submission of TDS returns within the due dates, verification, and issuance of TDS certificates within time, corrections, payment of fees/interest amounts, and management of deductor’s accounts to take appropriate action.
eTDS Returns Filing
When a TDS deductor withholds tax during payment to the payee, they are also obligated to file a TDS return. The Income Tax Department in India mandates timely submission of quarterly TDS returns. Our team of corporate tax consultants ensures that our clients meet this requirement by filing accurate and error-free e-TDS returns.
Representation & Litigation
As corporate tax consultants, we manage all representations before revenue authorities and tribunals for income tax matters with precision and dedication.
REPRESENTATIONS TO CBDT
The Central Board of Direct Taxation (CBDT) is the statutory body responsible for overseeing direct tax laws in the country. Our tax litigation experts assist clients in managing representations before CBDT smoothly, ensuring a hassle-free process. We meticulously prepare all necessary documents as per the authorities’ requirements and provide full support in both document preparation and representation before CBDT.
REPRESENTATIONS BEFORE ITAT
The Income Tax Appellate Tribunal (ITAT) is a quasi-judicial body that handles appeals under the Direct Tax Act. BEETA ONE’s tax litigation experts assist clients in filing appeals on their behalf. We manage the entire process, including the timely submission of appeals along with necessary supporting documents, while providing full support to clients in fulfilling additional requirements.
STRATEGIES FOR LITIGATION
Litigation on tax matters can be overwhelming and intimidating for companies, often perceived as a lengthy and paperwork-heavy process. Our corporate tax consultants take a proactive approach combined with a well-structured strategic plan to address these challenges. The expert litigation team at BEETA ONE devises and executes effective strategies for swift resolution, adept at handling all types of tax-related disputes with efficiency and precision.
SUPPORT FOR LITIGATION AT HIGH COURT AND SUPREME COURT
Our comprehensive litigation support services include helping clients prepare and represent corporate tax cases before the High Courts and Supreme Court of India. In unresolved cases, we provide support in seeking advance rulings. Our experienced litigation experts possess the necessary business acumen to adopt various preventive measures and alternative dispute resolution strategies as required.
OUR STRENGTHS
Why Choose BEETA ONE for Your Corporate Tax Advisory Services
We stay updated with all changes in corporate tax laws and regulations to offer you timely and efficient corporate tax consulting services.
Our skilled professionals dedicate significant time to deliver valuable advisory services focused on identifying tax planning opportunities to minimize tax liabilities. We also provide comprehensive support and assistance in corporate tax compliance and income tax matters.
We develop comprehensive strategies for our valued clients by understanding their industry, geographical jurisdiction, and business ecosystem to maximize value and minimize business tax expenses.
We stay updated with all changes in corporate tax laws and regulations to offer you timely and efficient corporate tax consulting services.
Our skilled professionals dedicate significant time to deliver valuable advisory services focused on identifying tax planning opportunities to minimize tax liabilities. We also provide comprehensive support and assistance in corporate tax compliance and income tax matters.
We develop comprehensive strategies for our valued clients by understanding their industry, geographical jurisdiction, and business ecosystem to maximize value and minimize business tax expenses.
Frequently Asked Questions(FAQ,s)
What is the difference between tax evasion, tax avoidance, and tax planning?
The objective of all three methods—tax planning, tax avoidance, and tax evasion—is to reduce tax liability, but the approaches differ. Tax planning focuses on minimizing the burden through legitimate deductions and exemptions provided under tax laws. Tax avoidance leverages legal loopholes to reduce tax liabilities, although it may undermine the intent of the legislature by structuring transactions solely to avoid taxes. Tax evasion, on the other hand, is illegal and involves deliberate manipulation to understate income, such as inflating expenses or deflating income.
What is MAT?
Minimum Alternate Tax (MAT) is levied under the Finance Act of 1987 to ensure that companies pay a minimum amount of tax to the government, regardless of whether they have zero or negligible income. MAT applies even to loss-making companies, with the tax calculated as a percentage of their book profits considered as taxable income.
What is GAAR?
GAAR, or General Anti-Avoidance Rules, came into effect in India on April 1, 2017. These rules serve as a mechanism for revenue authorities to scrutinize aggressive tax planning involving transactions or business arrangements that lack genuine commercial purpose and are primarily structured to evade tax liabilities.
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