Direct Tax

Our national network of experienced tax professionals can assist in resolving various challenges such as restructuring your business and keeping abreast with tax regulations, among many others. They will provide you with an insight into how to best work with the taxman to meet your business needs.

Our multi-disciplinary tax teams help you in corporate tax advisory and tax compliance.

Corporate Tax Advisory

Corporate taxation is an essential aspect of doing business in India and its importance cannot be undermined. The Indian government has gradually reduced corporate tax rates. The emphasis is now shifting towards enforcing compliance and expanding the tax base with e-governance and digitisation gaining importance. Taxation is also used as a tool to promote investments in identified industry sectors, thereby spurring overall economic growth. As such, understanding the impact of developments in tax and regulatory aspects and strategically using them to the benefit of Indian business activities is becoming increasingly important.

Organisational challenges

  • Learning the impact of the new Direct Taxes Code
  • Establishing an Indian business presence if you are an MNC
  • Setting up business in the country if you are an Indian entrepreneur
  • Expanding into new business sectors
  • Planning a heavy capital outlay in the existing business
  • Addressing concerns about cash flow and examining tax inefficiencies
  • Ensuring that your tax function is aligned with your business plan
  • Knowing the impact further tax and regulatory changes will have on your business

Our services

We can help you develop tax-efficient strategies and manage your tax exposures considering your individual business needs. We will keep you abreast of new developments in the Indian corporate taxation arena that affect your business. Our services include the following:

  • Entry strategy from a tax and regulatory perspective
  • Choice of an appropriate form of entity to set up Indian business activities
  • Optimum use of corporate tax incentives in proposed business activities
  • Tax-planning strategies for profit and dividend repatriation
  • Help resolve uncertain tax positions

Tax Compliance

As the complexities of businesses increase, the amount of time spent by professionals in cracking up the law codes increases. However, tax and regulatory systems of even the most developed countries cannot keep pace with the developments across each industry as businesses emerge day by day. These also bring out the requirements for new compliances and the challenges of meeting them every single day. The new Direct Taxes Code requires businesses to gear up their systems to align with enhanced agreements. Are you there?

Organisational challenges

  • Making payments (local or overseas) to a host of parties
  • Addressing your concerns about effective compliance of withholding tax requirements
  • Reporting of multilayered tax issues
  • Answering tricky questions from taxmen, including treaty applicability
  • Defending your stands before taxmen
  • Curtailing a significant litigation history
  • Defending a tax authority challenge
  • Ensuring compliance with the listing agreement

Our services

We can assist you with the following:

  • Advising on withholding tax obligations on payments
  • Obtaining no-objection certificates
  • Assisting in filing various tax returns
  • Helping during tax audit by revenue authorities
  • Providing corporate tax litigation assistance, including representation services
  • Obtaining advance rulings
  • Enhancing ERP systems to meet tax management requirements
Rahul Garg, Leader, Direct Tax, PwC India
Rahul Garg
Tel: +91 124 3306515