IN Tax Compliance
IN Tax Compliance
Navigating the intricacies of Indian tax regulations can be challenging, especially with the evolving tax landscape and frequent changes in rules. Our team is here to simplify the process for you.
Services Overview
Filing of tax returns
Filing of tax returns within the due dates is essential to ensure compliance with the tax laws and regulations. Apart from interest and penalty implications, most of the losses are not allowed to be carried forward if the return is not filed within the due date.
Foreign Asset Reporting
It is mandatory to report all foreign assets, investments and bank accounts by resident individuals. Non-compliance may lead to significant penalties
Form 67
In order to claim foreign tax credit, filing of this Form is mandatory
Form 10EE
US retirement accounts have different tax treatments in India. If you are opting for taxation at the time of withdrawal, filing of this form is crucial.
Schedule AL
Applicable if the total income exceeds Rs.50 lakhs. All assets and liabilities need to be reported in the tax return.
Advance Tax assistance
In order to avoid huge interest implications at the time of filing the tax returns, payment of advance tax is highly recommended
Lower withholding (TDS) certificate
Generally applicable in case of property sale by an NRI. In order to avoid the cash flow issues involved it is advisable to obtain this certificate.
Form 15 CA/CB
Applicable in case of overseas remittances. In certain cases, individuals must submit these forms to banks if they are intending to remit the funds outside India.