Direct Tax & ITR
India’s taxation system is widely regarded as one of the most intricate globally. The ever-evolving landscape of direct taxation laws in India, reflecting shifts in economic trends and governmental policies, presents a significant challenge for companies managing their tax functions. Moreover, there are numerous additional regulations governing both domestic and international transactions among companies, further complicating the tax landscape. Consequently, efficient tax management becomes imperative to ensure compliance with income tax deadlines.
As a recognized leader among tax advisors in India, AKM Global offers comprehensive guidance on all matters related to direct taxation. Our services encompass income tax assessment, tax notice resolution, and income tax filing in India, all supported by innovative and tax-efficient strategies. We specialize in identifying and evaluating tax risks associated with your business, implementing effective controls to mitigate them in a timely manner. With a focused commitment to the growth of our clients’ businesses, we collaborate closely with you at every step to achieve tangible and productive outcomes.
Indirect Tax
As India moves closer to the implementation of the Goods and Services Tax (GST), businesses continue to navigate a complex landscape of existing indirect taxes. These taxes, currently levied by both the Central (Federal) Government and individual State Governments, play a significant role in the country’s taxation system.
Among the array of indirect taxes are:
Service Tax: Imposed on various services rendered, Service Tax is collected by the Central Government.
Excise Duty: Applied to the manufacturing of goods within the country, Excise Duty is governed by the Central Government.
Customs Duty: Levied on goods imported into India, Customs Duty is collected at the point of import by the Central Government.
Sales Tax / Value Added Tax (VAT): Collected by State Governments, Sales Tax (or VAT) is imposed on the sale of goods within a state.
Central Sales Tax (CST): Applicable on inter-state sales of goods, CST is levied by the Central Government.
Entry Tax: Imposed by State Governments, Entry Tax is charged on goods entering a state from another state.
Expatriate Services
Our Expat Tax Services assist companies in managing the tax and regulatory complexities associated with seconding or deputing expatriates, as well as aiding the expatriates themselves in compliance matters. As India experiences a significant influx of Foreign Direct Investment (FDI), there is a growing demand for the specialized skills of mobile employees, commonly referred to as ‘expatriates.’ These individuals play a crucial role in bridging skill gaps and driving growth in various sectors of the Indian economy. However, navigating the intricate tax and regulatory landscape can pose challenges for both companies and expatriates alike. That’s where our Expat Tax Services come in, providing comprehensive support and guidance to ensure compliance and mitigate risks associated with expatriate assignments. Whether it’s tax planning, compliance assistance, or regulatory advisory, we are committed to helping our clients navigate the complexities of international assignments with confidence and ease.
International Tax Planning
As globalization becomes increasingly vital, companies worldwide are exploring expansion opportunities in diverse geographical locations. The prospect of attaining global leadership drives many companies beyond their domestic borders.
Expanding into multiple jurisdictions offers opportunities to streamline costs and capture market share across borders. However, navigating the complex regulatory landscape, including tax laws in different territories, can prove time-consuming and costly for companies venturing into overseas markets. Whether you’re an Indian company seeking international expansion or a foreign entity looking to invest in India, understanding the pertinent laws is crucial for shaping your business strategy and operations.
At our firm, we recognize the significance of global alliances and maintain close ties with reputable international affiliates. These alliances provide us with the technical expertise needed to guide clients through the intricate web of international tax laws worldwide. With our support, clients can confidently navigate the complexities of international expansion and optimize their global business endeavors.
Transfer pricing services
The rise in intercompany transactions has elevated transfer pricing to a critical risk management concern for multinational corporations worldwide.
In India, transfer pricing litigation has reached significant proportions, highlighting the importance of proactive management in this area. Our objective is to support companies by offering practical transfer pricing services and solutions tailored to their global business goals. Our approach ensures alignment with international standards while addressing the complexities of the Indian regulatory landscape.
We specialize in providing comprehensive transfer pricing services, including controversy management, to help companies navigate the intricate challenges associated with cross-border transactions. By leveraging our expertise and experience, clients can effectively mitigate transfer pricing risks and achieve compliance with confidence.