Direct Taxation

Direct Taxes are those borne and paid directly by individuals, such as wealth tax and income tax. Taxpayers pay these taxes directly to the government without any intermediary involvement. With the increasing ease of doing business in India, investors are highly optimistic about making investments in the country. Our team at The Fin Consultancy assists businesses with various tax and regulatory matters at every stage of the business lifecycle, enabling them to explore and make the most out of opportunities.

We provide holistic and tax-effective solutions to large multinational companies, mid-size businesses, high net worth individuals, and entrepreneurs looking to grow their businesses. Our services go beyond mere compliance; we focus on minimizing tax exposure while ensuring full adherence to regulatory requirements.

Our comprehensive range of services includes:

• Statutory Compliance Support: Ensuring compliance with tax laws and regulations, including timely filing of returns and adherence to tax payment schedules.

• Tax Reviews: Identifying uncertain tax positions, conducting tax risk assessments, and implementing strategies to mitigate tax risks.

• Tax Withholding Review: Reviewing tax withholdings to ensure accurate calculations and compliance with withholding tax provisions.

• Tax Minimization and Optimization Strategies: Advising on tax planning opportunities, identifying eligible deductions, and optimizing tax structures to minimize tax liabilities.

• Capital Structure Optimization: Providing guidance on optimizing capital structure and debt-equity ratios to achieve tax efficiency.

• Tax Advice on Transactions: Offering expert advice on tax implications of various business transactions, including mergers, acquisitions, and restructuring.

• Review of Accounting Standards: Reviewing the applicability of accounting standards and ensuring accurate financial reporting in compliance with regulatory requirements.

Entities liable to pay taxes include :

• Hindu Undivided Families (HUFs)

• Bodies of Individuals (BOIs)

• Associations of Persons (AOPs)

• Local Authorities, Corporate Firms

• Companies,

• and all Artificial Juridical Persons.

Our key responsibilities include:

• Leveraging our experience in litigation, tax compliances, and advisory to provide tailored solutions to our clients.

• Maintaining continuous interaction with clients, understanding their needs, and managing expectations effectively.

• Providing comprehensive tax solutions that align with our clients' business objectives.

• Conducting in-depth research on complex tax issues and staying updated with evolving tax laws and regulations.

• Delivering services with a strong emphasis on timeliness, accuracy, and quality to ensure client satisfaction.

Indirect Taxation

Indirect taxes are those passed on by the taxpayer to another person and paid indirectly to the tax department. These taxes are levied on goods and services and contribute extensively to government revenue. With the integration of various indirect taxes into GST, India's indirect tax collection is expected to increase further.

At The Fin Consultancy, our professionals have extensive experience and in-depth knowledge of indirect tax laws, including GST, Customs Duty, and Foreign Trade Policy. We provide comprehensive advisory and compliance services to assist businesses in navigating the complexities of indirect taxation. Our services include:

• GST Advisory & Representation: Providing expert advisory services on GST compliance, structuring transactions to optimize GST benefits, and representing clients in GST-related matters before tax authorities.

• Customs Advisory & Representation: Assisting clients with customs duty planning, compliance, and representation in customs-related disputes.

• Indirect Taxation Review: Conducting thorough reviews of indirect tax compliance processes, identifying areas of improvement, and implementing effective solutions to ensure compliance with applicable laws.

• Assistance in Investigations/Tax Disputes: Providing support to clients during tax audits, investigations, and disputes, including representing clients before tax authorities and appellate forums.

• Closure of Pending Assessments: Assisting clients in resolving pending tax assessments by preparing and submitting necessary documents and representations.

• Customs & Foreign Trade Policy Assistance: Offering guidance on customs duty implications of international trade transactions, compliance with Foreign Trade Policy provisions, and availing benefits under export promotion schemes.

• Excise Advisory Services: Providing specialized advisory services on excise duty compliance, planning, and optimization.

Our key responsibilities include:

• Supporting clients in implementing GST, undertaking GST impact analysis, and managing GST compliance effectively.

• Analyzing and interpreting complex tax provisions to provide strategic advice tailored to our clients' business needs.

• Building internal networks to identify potential opportunities and develop innovative solutions for our clients.

• Ensuring timely and high-quality service delivery to exceed client expectations and build long-term relationships based on trust and reliability.