Direct Taxation
Corporate Taxation
The International Tax and Regulatory Services team at A K Y V in India is made up of committed tax experts with in-depth technical knowledge and real-world experience that the client can rely on for business tax and regulatory concerns. The group offers guidance on a range of tax issues and aids clients in navigating the difficulties presented by dealing with several tax systems and cross-border issues.
Individual Taxation
The extent of an individual’s income subject to taxation in India is determined by their residency status in India, according to the rules of the Income Tax Act, 1961 (ITA). The residence status, in turn, is established for each financial year separately and is based on how many days an individual spent in India during the pertinent financial years. Such people are subject to “personal taxation” when taxed.
The calculation of qualified exemptions, deductions, and other associated compliances, as well as interest and penalties exposure owing to any procedural delays in deposit or filing, are some of the complex challenges involved in the personal taxation of Indian citizens. Because of this, a person needs expert “Personal Tax Advisory Services” to carry out necessary tax and regulatory compliances.
Tax Planning
The company taxation services provided by A K Y V are creative, proactive, and built on tax-effective principles. Effective tax planning, administration, and advisory services are provided by us. In the context of financial planning, taxes pose possibly the most dynamic and difficult challenge.
Only the innovative techniques developed to facilitate the release of tax liabilities as efficiently as feasible can keep up with the constantly changing laws and regulations. Every situation is different when it comes to tax preparation and strategy. Despite the fact that each issue must be addressed on its own merits, our strategy is nevertheless adaptable and always keeps the big-picture, long-term factors in mind.
Withholding tax compliances (TDS and TCS)
Many firms struggle to ensure on-time compliance and correct data reporting to the tax authorities due to the expanding range of transactions that are subject to tax deduction at source (TDS) and tax collection at source (TCS) under the Income-tax Act of 1961.
Additionally, organizations frequently take a long time to explain such anomalies due to a lack of adequate governance and clearly defined processes, despite the government’s focus on such transactional taxes, multiple levels of data collection, and extensive use of data analytics to identify anomalies.
Accurate data reporting, prompt compliance, and data reconciliation for numerous authorities are crucial for tax and finance tasks
Opinions & Certifications
