India’s taxation system is among the more complex systems globally and is constantly being updated to account for changes in the economy and policy. The system remains prone to delays and inefficiencies as well as substantial tax burdens for a misstep or lack of knowledge. There are additional restrictions on foreign nationals and companies, as well as international transactions between group companies.

SMGA’s Income tax practice is a long-established one with specialists across all regulations and experience with tax preparation, assessment, scrutiny and dispute cases. Our tax consulting practice assists our clients with the following scope:

• Tax planning and optimisation strategy for Indian and overseas companies
• Tax planning and optimisation for proposed transactions such as mergers and acquisitions (see Transaction advisory services for more details)
• Ongoing direct tax payments and self-assessments for companies and firms
• Ongoing tax compliances (TDS, professional tax, etc.)
• Income Tax preparation and Filing of tax returns for companies and firms
• Liaising with Income Tax authorities in cases of tax demands, scrutiny or disputes
• Tax audits for companies and firms in form 3CD as prescribed by the Income Tax authorities
• Employee tax calculations for companies and firms
• Interpretation of international tax codes and Double Tax Avoidance Agreements (DTAA) across geographies

Our wide range of services under this domain are: