Direct Tax and Regulatory Advisory Services

• Statutory compliance support
• Tax diagnostic reviews to identify uncertain tax positions and ensure risk mitigation
• Tax withholding health checks
• Tax minimisation and optimisation strategies, availability of tax deductions, etc. and other tax planning ideas
• Advise and plan optimisation of capital structure and debt equity ratio
• Tax advise and optimisation on various transactions such as EPC contracts, turnkey contracts, etc.
• Review of applicability of ICDS and related disclosures
• Review of Ind-AS applicability and related action points
• Review and applicability of POEM
• Advise regarding applicability of GAAR Identification of uncertain tax positions for FIN-48 purpose

Corporate Tax

We have a highly experienced team of corporate tax professionals to deal with an increasingly complex body of tax legislation. Tax planning plays an important part and our primary objective is to help mitigate the burden of taxation within the confines of the law.

Our experience with a broad spectrum of national and transnational clients, engaged in different businesses, gives us a wider understanding of individual business needs. Our key corporate tax service offerings are:

Our objective is to help businesses achieve global tax efficiency by minimising tax incidence and reducing tax and compliance costs in multiple jurisdictions.

Our international tax services include:

• Advise on International tax treaties entered into by India and related tax planning
• Advise on BEPS rules and the multi-lateral instrument entered in to by India
• Applicability of BEPS and GAAR for international tax structures Advise on equalisation levy and other forms of digital payments such as cloud computing, etc.
• Advise and provide assistance on specific provisions applicable to non-residents such as shipping companies, etc.
• Advise on investment treaties signed by India
• Assistance with Mutual Agreement Procedure under the tax treaties
• Assistance with preparation and filing for applications before the Authority for Advance Ruling
• Allotment of Permanent Account number (PAN)
• Tax planning.
• Obtaining Advance Rulings on debatable issues.
• Consultancy/ advice on FEMA/RBI matters.
• Filing Income Tax/ Wealth Tax Returns
• Advice on making investments
• Issuing certificate for repatriation of income / assets from India.
• Making application to RBI for various matters including sale and purchase of residential and commercial properties.

• As multinationals search for more efficient ways to compete in the global market, cross-border transactions between related companies are increasing in number and complexity. There is a significant increase in disputes globally as more and more tax authorities attempt to enforce their transfer pricing rules aggressively.
• The explosive growth in world trade in recent years, and the resulting increase in cross border transactions between related parties, has catapulted transfer pricing to the forefront of important international tax issues. MNC’s of all sizes are finding their transfer pricing practices under increased scrutiny by tax authorities.
• There are extensive Transfer pricing regulations in place in India according to which an arm's length standard is the frame of reference. Fiscal authorities are policing multinational's transfer pricing policies aggressively in an attempt to protect their tax base from erosion.
• Y K Shukla & Co. & help the clients develop the appropriate transfer pricing strategy balances opportunity and risk management, weighing effective tax-rate optimizations against fiscal-authority challenges, judicial precedents and the costs of compliance. We help clients ensure that all compliances in India are met and issues under litigation handled effectively.

Tax representation and Litigation in India requires a comprehensive approach involving people with adequate understanding of tax laws and insightful handling of contentious issues. Our services in this area include:

• Tax representation before Assessing Officer and other tax authorities during the course of audit or investigation by the revenue authorities
• Tax litigation support before Tax Commissioner (Appeals, Dispute Resolution Panel and ITAT)
• Tax briefings and support to the external counsel in respect of representation before ITAT/ High Courts/Supreme Court
• Advisory on litigation strategy and its implementation
• Diagnostic review of litigation history and assistance in litigation risk analysis
• Assistance in evaluating sustainability of tax positions and assistance in remedial actions