In addition to the above, surcharge to be levied @ 10% on income of above
INR 10,00,000. Further, education cess @ 2% is levied on the aggregate of
tax and surcharge.
A tax payer can make cumulative contributions of upto INR 100,000 under the
eligible categories under section 80C and 80CCC as per his choice.
Partnership Firms &
Companies
» Tax Rate - 30%
» Surcharge - 10%
» Education Cess - 2% on (Income Tax + Surcharge)
» Effective Rate of Tax - 33.66%
Direct Tax
Consultancy
Taxation is an extremely complex subject and needs professional skill of
the highest order and the consultant has to keep track of frequent changes
and modifications made in the Income tax rules from time to time to be able
to guide aptly in tax planning, documentation and represent the cases
skillfully. Even a minor lapse can cost tons of money to an assessee. So we
offer pragmatic solutions to manage the affairs in the most tax efficient
manner. We have an aptitude for providing expert advice in tax planning. Our
tax consultancy service include international tax planning, Fringe benefit
tax consultancy , Indian direct tax consultancy to corporate sector,
individuals and NRIs.
Tax Compliances
Preparation and filing of various statutory returns and documents with the
revenue authorities periodically. A plethora of paper work is involved in
filing numerous tax returns on quarterly, half - yearly and yearly basis. It
is always a very complicated and lengthy process to be complied with
punctually and regularly. Failure of compliance attracts heavy penalties and
even prosecution in certain cases. An elaborate data has to be procured from
account books of the firm/ company to fill in the returns entailing huge
amount of labour and knowledge .
Tax Representation
Income tax assessing officers are generally of very suspicious nature and
confront the assessees with very tricky questions during the course of
assessment . With one stroke of pen they raise demands of colossal amounts
unreasonably. The tax representative, therfore, has to be a very
knowledgeable, experienced and an eloquent counsel to be able to derive full
justice from the revenue authorities lest the client should face any
harassment or undue loss .
Tax Assistance
We take a holistic view, combining industry insight with the technical
skills of financial and tax professionals, economists, lawyers and our other
in-house resources as necessary, to develop comprehensive integrated
solutions. Our tax services include: