Taxation Services
At Akshay Vora & Associates, we provide expert taxation services that ensure compliance, reduce liabilities, and help clients optimize their financial positions. We advise our clients on major developments in taxation regimes occurring periodically and their effect on business. We provide you with effective processes to improve your day-to-day reporting thereby reducing attribution errors, reducing costs and ensuring your taxes are handled correctly.
Direct Taxation
At Akshay Vora & Associates, we specialize in offering expert Direct Taxation Services designed to help individuals, businesses, and organizations effectively manage their tax responsibilities. Our comprehensive services are aimed at ensuring compliance with tax regulations, minimizing liabilities, and optimizing your financial outcomes.
We understand the complexities of direct taxation, and our goal is to simplify the process for you while ensuring full compliance with the Income Tax Act and other related tax laws.
Our Offerings
Income Tax Return Filing & Compliance
- Filing of Income Tax Returns (ITR) for individuals, businesses, and entities
- Maximizing deductions and exemptions available under the Act
- Timely filing to avoid penalties and interest
- Expert assistance in choosing the correct ITR form based on income type
Tax Planning & Optimization
- Tailored tax strategies to minimize overall tax liability
- Investment planning for tax-saving instruments
- Capital gains tax optimization on asset sales
- Business tax planning to reduce corporate tax exposure
Tax Audit Services
- Comprehensive tax audits for all types of entities
- Preparing and submitting tax audit reports to the Income Tax Department
- Ensuring compliance with tax regulations and financial reporting standards
- Identifying discrepancies and recommending correction actions
Transfer Pricing Services
- Transfer pricing documentation and compliance for cross-border transactions
- Ensuring arm's length pricing for intercompany transactions
- Assisting with transfer pricing audits and dispute resolution
- Providing global tax planning to mitigate transfer pricing risks
Capital Gains Tax Advisory
- Calculation of capital gains (long-term vs short-term) on asset sales
- Advice on exemptions available under Sections 54, 54F, etc.
- Structuring asset sales to minimize tax impact
- Tax planning for real estate transactions to reduce capital gains tax
Tax Representation & Litigation Support
- Representing clients during tax assessments and audits
- Appeal filing with tax authorities, including the Income Tax Appellate Tribunal (ITAT)
- Resolving tax disputes and negotiating with tax authorities
- Handling penalty and interest issues to reduce financial burden
Tax Filing for Non-Residents (NRIs)
- Filing income tax returns for NRIs on income sourced from India
- Double Taxation Avoidance Agreement (DTAA) benefits for NRIs
- Guidance on repatriation of funds in compliance with FEMA regulations
- NRI-specific tax exemptions and deductions for eligible individuals
Estate & Wealth Tax Planning
- Estate planning to ensure smooth transfer of assets to heirs
- Minimizing estate taxes and inheritance tax liabilities
- Wealth transfer strategies using trusts, wills, and gifts
- Personalized wealth management to protect and grow your assets
Why Choose Our Direct Taxation Services?
- Expert Guidance: Our team of Chartered Accountants brings extensive knowledge of the Indian Income Tax Act, GST laws, and other tax-related regulations.
- Comprehensive Services: From tax planning to litigation support, we cover all aspects of direct taxation.
- Minimized Liabilities: Our solutions are designed to help you reduce your tax burden through strategic planning and optimized tax-saving opportunities.
- Timely & Accurate Compliance: We ensure that all filings and submissions are made in accordance with deadlines to avoid penalties and interest.
Maximize your tax savings and ensure compliance with our Direct Taxation Services. Let us assist you with efficient tax planning, minimizing risks, and ensuring your financial decisions align with the latest tax regulations.
Indirect Taxation
Indirect taxes are taxes levied on goods and services, and businesses are required to collect and remit these taxes to the government. At Akshay Vora & Associates, we provide expert services to ensure businesses comply with the various indirect tax laws and optimize their tax obligations.
Our Team can help with timely planning and ongoing compliance solutions to ensure that you are on right side of the law always. This will also help you to reduce costs, minimize risk and at the same time increase confidence that nothing has been missed.
Our Indirect Taxation Services Include:
GST Advisory & Compliance
- Expert advice on GST registration and classification of goods and services
- GST compliance to ensure timely and accurate filing of returns
- Assistance with GST audits and assessment
- Guidance on GST refunds and claims for eligible input tax credits
GST Return Filing & Documentation
- Accurate preparation and filing of GST returns including GSTR-1, GSTR-3B, and annual returns
- Regular reconciliation of GST paid and GST received to ensure correctness
- Filing GST annual returns and finalizing GST filings for the year
- Advice on GST invoicing and proper documentation practices to avoid penalties
GST Audit & Assessment
- Conducting GST audits to verify compliance with the applicable laws and regulations
- Support during GST assessments by tax authorities, ensuring disputes are resolved efficiently
- Reviewing and reconciling financial records with GST returns to ensure consistency
- Helping with the voluntary GST audit to detect potential non-compliance issues before they arise
Professional Tax Advisory
- Professional Tax registration and compliance for businesses and employees
- Ensuring timely filing of Professional Tax returns in states where applicable
- Calculating and remitting Professional Tax for employees and directors
- Advising on Professional Tax exemptions and deductions available for businesses and individuals
- Assistance with Professional Tax assessments and disputes with tax authorities
Customs Duty Advisory
- Expert advice on customs duties for import/export businesses
- Structuring supply chains to optimize customs duty costs
- Tariff classification and valuation support to minimize tax liabilities
Taxation on Imports and Exports
- Ensuring compliance with import/export tax laws to minimize costs and avoid delays
- Advice on export incentives and schemes available under the Foreign Trade Policy
- Structuring transactions to maximize customs duty exemptions and rebates
- Handling documentation related to import duties, export documentation, and refund claims
Indirect Tax Litigation Support
- Representation in tax disputes with the authorities concerning indirect taxes
- Assistance in appeals and resolving indirect tax litigation cases
- Handling penalty and interest charges disputes related to indirect taxes
- Providing comprehensive support in tax matters related to audits, assessments, and adjudications
Tax Structuring for Cross-border Transactions
- Advising on international trade and tax implications for businesses engaging in cross-border transactions
- Assistance with tax-efficient structuring for imports/exports and supply chains
- Advice on multinational VAT/GST compliance
- Understanding the global tax landscape to reduce double taxation risks
Why Choose Us for Indirect Taxation Services?
- Comprehensive Expertise: We stay updated with evolving indirect tax laws like GST, customs duties, and professional tax.
- Tailored Advice: Providing customized solutions based on the unique needs of your business.
- Timely & Accurate Compliance: We ensure your business stays compliant and avoids any penalties or fines.
- Support for Complex Issues: From audits to litigation, we handle every aspect of indirect taxation with professionalism.
Let us help you navigate the complexities of indirect taxes. Contact Akshay Vora & Associates for expert guidance on GST, customs duties, professional tax, and more.