Taxation is part and parcel of participating in any kind of economic activity. There are direct and indirect taxes involved which contain their own subcategories and further provisions. Keeping track of thousands of such provisions and ascertaining your true tax liability can be tricky.
have a dedicated team of tax professionals know everything there is about our tax systems and we want to extend our hand to you and make the process of tax planning and processing as comfortable as possible.
Allow our team of Tax experts to assist you with filing your Income Tax Returns. We'll assist you with proper Tax planning and savings for all kinds of incomes and provide you with any kind of assistance with ITR.
The process of registration for a PAN and TAN card involves several steps and requirements. Our dedicated registration wing will happily assist you through the entire process. Just provide your ID, Address and Residential Proof and your registration will be done sooner than you can expect. We will take care of all the compliances for you.
We understand that tax planning is one of the most crucial ingredients of financial planning and must be handled with due care and diligence. Our objective is to make you most tax efficient in best of the way possible. Mukunda Shiva and Associates offers a complete solution to all our Resident/Non-Resident Taxation & Planning needs. Our tax planning strategies are designed to boost your overall financial health and reduce the excessive tax burden.
The Income Tax Act has several complicated provisions within which makes it difficult for the average taxpayer to thoroughly keep track of. We at MSA can provide our clarification on these provisions to overwhelmed taxpayers and are also willing to provide our opinion or guidance to those who want to keep their taxable sum within control in the form of investment decisions and transaction avoidance.
You can be eligible to a tax audit under the Income Tax Act if your annual turnover exceeds 10 crores unless your cash receipts or expenditures are excess of 5% of your turnover. It’s very important as an individual or business to ensure that your expenditures are in-line with the compliances under the Act to prevent excess tax payables or penalties. We can help you ensure that you comply with all provisions under the Income Tax Act and bear the lowest possible tax burden.
Transfer pricing allows for pricing transactions between entities or businesses in one or more countries under common ownership to shift tax liabilities to low cost jurisdictions. Our Firm can help companies develop and implement economically supportable transfer prices, document the policies and outcomes, and respond to questions raised by the tax authorities.
At MSA, we provide certificates to our clients dictated by certain mandates. The issued certificate will validate the content as appropriate and they’re required for various mandates like:
Companies Act, 2013 | GST Act and other Indirect Taxes | FERA | FEMA | Foreign Remittance outside India in form 15CB | Bank Guarantee or Finances | Turnover or Working Capital | Financial Reports | Income Tax Act, 1961
Indian Tax law mandates a foreign employee to be liable to taxation on arrival in India as an expatriate. Corporates have to make adequate preparations and arrangements to keep up with these mandates and our firm offers to assist you throughout the process determining residential statuses, ascertaining taxable income across home and host countries, assess exemptions and help keep the expatriates keep up with the compliance requirements
Your income tax returns need to be vetted properly to ensure there is no disparity between Form 26AS/16/16A and other documents. Our tax experts will examine all the documents for you and ensure all the values are correct and supported by proper evidences prior to filing.
We at MSA take care of all the procedures before the tax authorities including tax credit claims, authorization of computerized accounting systems, representation in tax disputes with authorities, support during inspection by authorities, social security, representing you for tax conflict in court and required tax exemptions certifications.
The Companies Act, 2013 mandates all companies to maintain proper books of accounts, relevant documents and financial statements each FY which showcase a true and fair picture of the companies affairs. We help our clients properly maintain all necessary records in a systematic manner that not just helps with keeping up with compliances but also maintains wellbeing at the production level and proper accountability.
An internal audit performed by us can check for the robustness of your internal controls and highlight any problems or inefficiencies within the system. Such an audit is crucial to account for tax compliances like reconciliation of TDS and GST as per books, verification of advance tax payments and calculations and so forth.