Taxation

 
TAXATION
  • Tax Planning, Tax Management Procedures and Development of tax strategies
  • Representing before tax authorities including Tax Appellate Tribunals for assessment proceedings, appeal and petitions.
    • Representation for Search and Seizure cases., representation before the Ministry of Finance for approvals/exemptions under Tax Act
    • Evolving scheme for settlement of cases and representing before the Settlement Commission
    • Advising business entitles on tax implications consequent to acquisition or succession
    • Designing of tax strategies for reconstruction of entities, acquisitions, amalgamations, liquidation and mergers
    • Making applications to Specified Authorities for tax rebate under Income Tax Act or amalgamations
    • Providing expert opinions on Indirect Taxes such as: Customs Duties, Excise Duties, Service Tax,  VAT and works contract Tax

SERVICE TAX
The concept of service tax was first introduced in India in 1994; its scope has gradually increased, in view of the revenue earning potentials. The service tax, that is indirect tax, has become a buzzword in the taxation laws and envisaged as the tax of the future.

Applicability of the service tax: The service tax is payable on all the taxable service rendered in India (except Jammu & Kashmir), whether to an Indian or foreign client. However services rendered abroad shall not attract service tax levies, as it extends only to services provided within India.

Tayal Mittal & Co. provide following service tax services for their service tax clients:

  • Registration
  • Record to be maintained and invoice
  • Payment of service tax
  • Classification of services
  • Adjustment of excess service tax paid
  • Credit of service tax paid
  • Interest and penalty
  • Notice and visit by departmental officer
  • Assessment
  • Revision and appeal
  • Refund of tax

VAT & CST

  • Assistance with Value Added Taxation registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Conducting Sales Tax Audits
  • How to get registration under Value Added Tax act?
  • Exempted Sales
  • Know your Ward/Assessing officer
  • Rate of Sales tax under Value Added Tax act
  • Statutory Forms and how to get these forms
  • Taxability of sale of fixed assets
  • Summary assessment
  • Regular assessment
  • Appeal, revision and rectification of order
  • Amendment in registration certificate
  • Refund of tax

TAX DEDUCTED AT SOURCE (TDS)

  • Advice on all matters related to compliance of TDS/TCS provisions.
  • Obtaining Tax Deduction Account Number (TAN).
  • Periodic review of  TDS/ Withholding Tax compliance.
  • Computation of monthly TDS.
  • Monthly reconciliation of TDS due and deposited.
  • Monthly deposit of TDS electronically/manually.
  • Issue of monthly/annual TDS certificates.
  • Filing of quarterly E-TDS/Manual Returns.
  • Filing of Correction Statements.
  • TDS assessment.
 
 
     
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