services

 RTA Direct Tax Advisory Services:

• Corporate and Personal Tax Compliance
• Tax Planning for Residents, Non-Resident Indians, and Corporate Entities
• Tax Planning for Overseas entities entering the Indian market
• Transfer Pricing Audits (U/s. 92 E, in select cases)
• Tax Audits (U/s. 44 AB of the Income Tax Act, 1961)
• Certification for Form 15CB for fund remittance outside India
• Representation Services at various Tax Authorities

Ensuring complete compliance with Income Tax regulations is crucial for both corporate entities and individuals. Given the technical nature of these compliances, seeking expertise from knowledgeable professionals is essential. As a leading Tax Consultant in Pune, SGA assists clients in executing tax obligations accurately and within deadlines.

With the increasing prevalence of online modes for Income Tax compliances, specialized knowledge and expert guidance become paramount. SGA stands out by providing reliable tax services to clients across diverse sectors, adapting to the evolving landscape of taxation.

The Indian Taxation system is broadly categorized into two parts:

1. Direct Taxes:
   • Primarily Income Tax.

1. Indirect Taxes:
   • Mainly Goods and Services Tax (GST).

Direct Tax Advisory:

Taxation is recognized as one of the most complex subjects, necessitating professional assistance to stay abreast of frequent changes and amendments in Income Tax laws. Professionals provide crucial guidance on tax planning and documentation, as even a minor error in tax submission can result in significant financial implications for the assesses.

RTA's Direct Tax Advisory services offer optimal solutions for effective tax affairs management. The Income-tax consultants at RTA in Pune possess the expertise to provide insightful advice on tax planning.

Given the continuous evolution of the Indian taxation system, decisions made for tax planning must align with these changes. Experts at RTA conduct thorough analyses of alterations in Income-tax laws, ensuring clear communication with clients through reports presented in simple and accessible language.

Brief Information on Income Tax in India:

• Every individual's income earned in a financial year is subject to taxation, following rules set by the Indian government.
• The financial year spans from April 1 to March 31 of the subsequent year.
• The Indian taxation system classifies taxpayers into two main categories based on residence: residents and non-residents.
• There is a specific category for individual taxpayers known as "residents but not ordinary residents."
• Indian companies are considered residents and are liable to pay taxes. Companies with affairs fully managed and controlled by Indians are also treated as residents. Other companies fall under the non-resident category.

Companies/Corporates: Resident Companies:

• In general, Indian resident companies are subject to taxation at a rate of 25%, plus surcharge and education cess, as applicable from the Financial Year 2018-19.
• It is crucial to note that starting from the Financial Year 2020-21, dividends distributed by the company are taxable in the hands of the shareholder.