Taxation

Taxation, both direct and indirect has a big impact on the profitability of a business organization. We, at DCM & Co. try to interpret the tax laws for all types of organizations. We have a dedicated team for Direct Tax and GST to look after the compliance, litigation and opinions on various issues under the relevant statute.

DIRECT TAX

Direct tax primarily consists of Income Tax in India and its compliance relates to the following:

Annual tax return fillings for non-residents, individuals, corporates and not for profit organizations
Withholding tax (Tax Deducted at Source- TDS) calculation on payroll and vendor payments
Quarterly calculation of Advance Tax
International taxations and certifications for withholding taxes (TDS) on foreign remittances
Litigations related to Direct tax liability in India
Lower deduction of tax certificate from Assessing Officer (AO)
Opinions and advisory on Direct tax, international taxation, TDS and transfer pricing
Taxation on Not for Profit Organizations (NPOs)
Tax planning for business organizations
Opinion on Double Taxation Avoidance Agreement (DTAA) between India and other countries

'A dedicated team of professionals led by a Partner undertakes the above-said activities with utmost care and proper due diligence.'

GOODS AND SERVICE TAX

Goods and Service Tax, also known as GST, has subsumed a number of taxes and a single indirect tax structure has been implemented for the past few years. The firm specialises in the following aspects of GST:

Calculation of monthly payment of GST after taking into account the Input Tax Credit (ITC) available with the company
Annual fillings with relation to the reconciliation of ITC, turnover and others
Refund of taxes paid under exports, inverted duty and other provisions of the GST act
Letter of Undertaking (LUT) for export of goods and services without payment of taxes
Assistance for getting the GST Audits for organizations
Advice/ opinion on various facets of GST Acts and rules thereunder

'A separate team under one of the partners undertakes the GST related activities for the clients. The firm handles GST for all states in the country.'

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