Direct Tax
Zinzuwadia & Co. has a skilled team to deal with an ever continuing and increasingly complex body of tax legislation. Tax planning plays a vital part in our approach and our primary aim is to help lawfully to mitigate the burden of taxation. We are advising a number of business entities on Corporate taxation, international taxation and personal taxation. Our combined more than 25 years of expert team experience, in house education program and training and continuous involvement and our networking intellectual resources have put us on one of the top CA/CPA firm in Ahmedabad, Gujarat, India for rendering taxation and international taxation services.
A) Taxation Services to:
- Corporate Sectors / Corporate Taxation:
Besides general tax advisory services, we deal efficiently with computational and compliance work and lay emphasis on effective tax planning. We advise on structuring the salaries of the staff in order to make it most tax efficient within the legal framework. Arguing matters before Assessing Officer, appellate and Tribunal authorities are all specialties of the practice in the field of Corporate Tax.
- Foreign Companies / Indian Companies having Multi Nation Existence for Transfer Pricing / International Tax:
Our expert team / professionals have rich experience of providing international taxation services to number of clientele based in USA / UK / Australia / Africa / UAE. The firm provides initial and continuing advice on critical international tax matters such as:
- Interpretation of tax treaties across the globe between host country and other country
- Drafting legal instrument / agreement in line with local tax laws
- Permanent Establishment risk exposure and ways to mitigate that risk OR strategizing business model to overcome PE risk exposure
- Assessment of possible international transaction subject to transfer pricing study and conducting transfer pricing study
- Tax planning for expatriates
- Implication of Tax on mergers and acquisitions
- Advance Tax ruling for areas that can lead to litigation & Losses in future
Our firm is also independent member of Geneva Group International, one of the 6th largest association of professional accountants / lawyers / consultants. Our expert team is also part of their continuous knowledge and resource sharing program which keep us updated about the critical / major events happening on any of the above issues across the globe. Please refer underline pdf file presentation of Geneva Group International .
B) Personal Taxation advice and Planning for individual
Personal tax is complex and subject to an enormous upheaval because of frequents amendments in tax laws. We ensure that maximum tax benefits are availed and the tax liability are minimized.
Our skilled team has a good liaison with the Tax Department.
Indirect Tax
Indirect taxes in India cover the field of service and manufacturing. As per the guidelines issued by Indian government, service tax, Value Added Tax, custom duty and excise duty come under the umbrella of indirect tax. We cover following horizons in the field of indirect taxation:
Service Tax
- The service providers having more than 10 lakhs of turnover in a financial year are liable to pay service tax. However, ironically service tax is supposed to be one of the most intricate areas of indirect tax regime. We assist our patrons from service tax registration till timely compliance of filing accurate service tax returns. The unique feather is that our expert team provide consultation on complexity arising out from structuring of transactions. Our expert team also provide representation services on behalf of the client with revenue authority for different purpose.
Excise / Custom
- Excise duty is applicable to manufacturing concerns only. This too needs a rigorous homework before filing an excise duty return. We help you to assess the total excise duty and file the same in concerned department.
- We help you to pay and file custom duty in case of imports. We have a technically proficient team / associate specialist to handle custom and excise duty payments.
- We also provide periodical consultation on excise and / or custom to ensure that all the excise / custom records are maintained up to date.
- We also provide representation services for different purposes including availing benefits of different schemes available for respective category of customers.
VAT/CST
- We help our patrons to register under different concerns, be it VAT, CST or excise duty. Once the registration has been completed, we ensure compliance with the existing standards. The filing, claiming return and planning – all these functions are performed under one roof.
- ZCO not only helps in planning and paying the taxes; we have experts who put the case of customers in front of tax authorities for assessment / refund of legitimate taxes in the interest of respective customers / appeal to the appellate authority.
Unique Transactions Structuring Method
Over years, through our rich experience, our expert team have developed unique transactions structuring method whereby we can assist / consult our customers to ensure the most efficient and workable model of doing business without hassles from tax authorities.
Getting oneself updated with the latest rules and regulations is very pivotal in these days. We ensure that our professionals have ample knowledge of latest scenario so that the advantages of new regulations can be passed on to the taxpayers.
International Taxation
With the current phase of rapid globalization and India becoming a preferred destination for investment, number of multinational Companies (SMEs, middle size and large size corporate) are intending to invest in India OR expand their operations for number of reasons in India. Generally, individual OR corporate is seeking for international taxation services when:
- When foreign company intends to set up their business operations in India,
- When Indian company intends to set up their business operations overseas,
- When Non-Resident Indians who have invested their wealth in India AND when Indian Entrepreneurs' who have made overseas investments in various countries are getting exposed to dual taxation viz. in their home country as well as other country where income is accrued.
Professionals have to be updated with the latest development on international tax particularly with regards to the Double Tax Avoidance Agreements with various countries, tax structure prevailing in the subject country, transfer pricing rules and regulation in the subject country as the subject itself is dynamic by nature.
We strive to keep ourselves updated with all the legal case laws, Advance Rulings, Treaty interpretations etc. to be able to advise our clients to a pragmatic solution and non-disputable path. We feel privileged of being part of global association “Geneva Group International” having global presence and more than 340 professional members spreaded over in almost major countries.
We provide under mentioned professional services in international taxation:
- Advising on tax strategies and efficient holding v/s subsidiary company structure to optimize tax incidence through a detailed assessment of:
- Tax structure in the country subject to assessment
- Implication of various court decisions and Advance Rulings.
- Double Tax Avoidance Agreements entered into by India with various countries;
- Tax incentives and tax holidays
- Advising on tax incidence matrix in the home country and other country under different options and facilitate management to take the right decision in the interest of the company,
- Analysing and Advising on the applicability of withholding taxes (TDS) particularly with reference to the payments in the nature of Salaries, Royalties, Fees for Technical services, Dividend etc.
- Tax planning for Non-Resident Indians
- Assessment of residential status, possibility of triggering the Permanent Establishment clause. Representation before various tax authorities for assessments, refunds, appeals.
- Preparing, review and filing of tax returns
- Representation before various tax authorities for assessments, refunds, appeals
Transfer Pricing
With the current phase of rapid globalization and India becoming a preferred destination for investment, number of multinational Companies (SMEs, middle size and large size corporate) are intending to invest in India OR expand their operations for number of reasons in India. This leads to possibility of various international transactions between similar group / similar management companies, which are technically called as Associated Enterprises (AEs). Generally, corporate is required to have consultancy services for transfer pricing when there are international transactions between AEs to ensure that said international transaction was entered into at Arm’s Length Principle. Examples of such international transactions are:
- Proprietary materials shipped from one country to other country,
- Finished products shipped from one country to other country,
- Management Fees for involvement of key management people from one company to other company
- Royalty / Technical Fees payment
- Capital Goods shipped from one country to other country etc.
Transfer pricing is gaining popularity across the globe to ensure that correct transaction value (As per Arm’s Length Principle) have been booked in the originating country and destination country. Generally, OECD guidelines clubbed with local laws of the country are driving force for such study. Professionals have not only to be updated with the latest development on transfer pricing but also to be resourceful for having global data base. Professionals also have to be rich in experience in the subject as Transfer Pricing is not a science but an art or judgement.
We being part of independent member firm of global association "Geneva Group International" having global presence and GGI concept of practice groups keep us updated in all respect and resourceful also.
We provide under mentioned consultancy in Transfer Pricing:
- Identification and evaluation of Permanent Establishment exposure
- Identification and preparation of memorandum of potential international transactions which could be subject to transfer pricing study
- Benchmarking study from the transfer pricing guidelines perspective for the subject international transaction
- Issuing an opinion report
- Drafting agreement / document, depending upon nature of international transactions
- Customize check list of documentation
- Transfer Pricing Transaction Verification Audit
- Transfer Pricing statutory audit