Taxation

We offer taxation services in the following streams:
  • Corporate taxation
  • International taxation, including transfer pricing
  • Individual Taxation, including HNIs
  • Taxation of trusts and societies
 
Specific services offered in the above streams:
  • Tax compliance services:Filing of tax returns, determination of advance tax liability, preparation and filing of various tax-audit reports, TDS compliances, application for PAN, registration of trusts, application for tax residency certificates, etc.
  • Transaction advisory services: Structuring of employee remuneration, advisory on mergers, acquisitions, spin-offs, joint ventures and foreign collaborations, etc.
  • Litigation services: Representing before the appellate authorities, attendance along with the counsel at all jurisdictional levels
  • Taxation services on an assignment basis: Assistance in transfer pricing study reports, advance pricing agreements, TDS and other issues
  • Other services: Providing significant taxation updates announced in the finance budget, contributions to publications issued by the World Bank on ‘Doing Business’, related to the Indian scenario.

Transfer pricing

Introduced in the last two decades transfer pricing (TP) provisions apply to businesses having a multinational presence. We assist clients in preparing TP documentation, issuing reports under the law and representing before the TP authorities

Tax planning

We assist our clients in tax planning, to optimise the tax liability within the legal framework. We advise on selecting tax-saving investments and designing ways to gain maximum benefit under the applicable tax laws for resident and non-resident taxpayers

Corporate tax advisory and management

Our corporate advisory and tax management include services related to inbound and outbound investments, NRI advisory, cross-border consultancy, assisting in foreign exchange compliances, and regularisations.

Tax litigation and representation

Tax litigation is common when a taxpayer's income is assessed. Appropriate litigation support is necessary when a taxpayer is called upon by the income-tax department for assessment proceedings. We provide tax litigation to our clients upto the highest jurisdictional authorities both in domestic and international taxation. We also assist clients in obtaining advance rulings, wherever necessary to avoid future litigation on crucial facts

Advisory on advance rulings and DTAA

To minimise the assessee-department litigations, the concept of advance rulings was introduced whereunder the assessee can seek an advance ruling on proposed transactions. This ensures clarity about the taxability of the proposed transaction. The taxpayer needs to seek an advance ruling on the taxability of such transactions by making an application to the advance pricing authority (APA). We assist our clients in seeking advance rulings on the domestic or international transactions proposed to be entered by them. This saves the time and effort of the taxpayer and eliminates future litigations. We also provide advisory services on the application of double taxation avoidance agreements (DTAA) applicability for our clients having a foreign presence and individual (NRIs.)

GST and other indirect tax services

In today's complex world businesses need to be agile, competitive, and up to date with the regulatory and statutory environment. Statutory requirements constantly undergo change and can be confusing, attracting multiple interpretations. GST, international trade and customs are growing in complexity and moving swiftly towards digitalisation. The revenue authorities are increasingly using artificial intelligence and data analytics to increase their level of scrutiny/investigations/audits of the assesses.


Thus, there is a need to ensure complete and appropriate compliance with tax and regulatory requirements, while simultaneously adding value to all stakeholders through proper tax planning.


Sharp & Tannan offers clients a broad range of tax services which combine insight and innovation with industry knowledge to aid businesses remain tax compliant as well as tax efficient.


Service offerings in indirect tax laws:
  • Goods and Service Tax (GST)
  • Customs and foreign trade regulations
  • Taxes of erstwhile regime (State VAT, sales tax, excise duty, and service tax)

A complete suite of services is offered for each of the aforementioned tax laws. These can be classified into the following broad verticals:
  • Business support and advisory
  • Litigation support
  • Policy advocacy and representations
  • GST audits and certification services
  • Specific customs related services
  • Assistance in assessment/audit proceedings under erstwhile VAT/service tax laws
  • Training