Direct Tax is the tax that is paid directly to the government by the persons on whom it is imposed. It cannot be shifted onto others. Direct tax is often accompanied by a tax return filing by the taxpayer. The best examples of direct taxes are income tax and property tax.

Income tax is a type of tax that the central government charges on the income earned during a financial year by the individuals and businesses.

We, at Kansal Jain & Associates offer a bouquet of fully integrated and precise tax structuring advice. Our team combines its extensive experience and in-depth knowledge to provide the best income tax consultancy. Our goal is to minimise your business and personal tax exposure by means of legitimate planning and keeping you aware of the changing requirements of the taxation system in India and abroad.

We deliver high-end expertise in this area including the following:

• Planning
  For resident and non-resident entities to maximise post tax returns. Also, tax efficient planning for restructuring of business, key executives etc.
• Compliance
  Timely preparation and filing of statutory documents including return of income with revenue authorities.
• Representation
  Presentation before revenue and appellate authorities as also preparation and processing of applications for deduction of tax at lower than prescribed rate etc.

OUR QUALITY SERVICES: -

With complete functional know how of ERP (SAP/ CODA/ Oracle etc), undertake Direct Tax services for corporate clients. Our tax services for corporate clients include:

• Day-to-day tax matters that include replying to various tax notices and providing necessary tax support on regular tax matters.
• Management of tax records and reports in both Soft and Hard files including documentation as per SOX.
• Tax compliance that includes advance Income tax and deposits, TDS compliance and filing of returns.
• Compilation of tax details for audit and support to the auditors.
• We provide all important information to statutory auditors or management auditors in relation to tax matters.
• We support in the compilation of Transfer pricing documentation and certification.
• We also guide in the compilation of Corporate tax returns such as Income tax, also its e-Filing with the revenue department.
• We provide support in the areas of PAN, TAN and online tax credits view also.
• We provide tax reporting on defined frequencies such as monthly, quarterly, annually to Parent Company according to their formats.
• Compilation of Various details for Tax Assessment purposes such as Scrutiny and Appellate level for Income tax and Transfer pricing

Our tax services for other non-corporate clients include:

• Preparation and filing of Income Tax Returns for individuals, firms & corporates
• Day-to-day tax matters that include replying to various tax notices and providing necessary tax support on regular tax matters.
• Direct tax planning, advisory and opinion
• Income Tax Appeals before ITAT/ High court/ Supreme court
• Registration of trusts and societies under Income Tax
• Advisory services in International Taxation
• Representation and litigation support for assessments
• Advance tax estimation and deposit
• Providing regular updates on amendments, circulars, notifications and judgements
• Special expertise in search, seizure and survey
• 15CA and 15CB
• Other consultancy services

The following services are offered by us regarding TDS and SFT:

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.
• Advise on the recent updates and notifications.
• Filing of Correction Statements.
• TDS assessment

STATEMENT OF FINANCIAL TRANSACTIONS (SFT)

• Advice on all matters related to compliance of SFT provisions.
• Filing of quarterly or Annually SFT Returns.
• Guidance on recent updates and notifications.
• Assessment related to defaults.