Taxation Services

Taxation Services

At V2J, taxation services include corporate taxation, litigation services, advisory services, inbound investment structuring, outbound investment structuring, indirect taxation, acquisition & mergers, transfer pricing, compliance services and more. At V2J, we have appointed highly qualified professionals with industry-specific experience to assist you in the right direction in matters of taxation, litigations, compliances and other related services.

Services we offer in taxation are:

Corporate Taxation:

Compliance – annual and periodic:

  • Preparation/review of corporate tax returns
  • Review/assist in advance tax computations

Representation before revenue authorities:

  • Representation before tax authorities in connection with various assessment/penalty proceedings.

Litigation Support:

  • Litigation support at CIT (Appeals) (1st appellate authority) and Income Tax Appellate Tribunal (ITAT) level.
  • Briefings and consultations with tax counsels, where required

Diagnostic Reviews:

  • Conducting tax due diligence reviews to help identify risks associated with the various tax positions and to help identify unnecessary tax burdens.

Advisory Services:

  • Advise, both verbal as well as written from time to time, concerning various matters arising out of the Income-tax Act, Wealth Tax Act and Double Taxation Avoidance Agreements.
  • Periodic meetings/discussions for exploring avenues for tax cost optimization.
  • Structuring the entire business transactions, including preparation of structured tax solutions tailored to meet business objectives
  • Tax modelling, which would involve validation of tax assumptions built into financial and business models

Inbound Investment Structuring:

  • Evolving optimal ownership/jurisdiction structures for investment in India
  • Selecting an optimal entry vehicle such as a branch, subsidiary, or joint venture.
  • Assistance in filing/obtaining necessary regulatory approvals.
  • Assistance in finalising/review of shareholders, joint ventures and other relevant business agreements
  • Incorporation/registration of entry vehicle
  • Assistance in registration/compliance of entry vehicle
  • Identifying and optimising tax and fiscal incentives including obtaining any tax rulings

Outbound investment structuring:

  • Advising on cross-border investment strategies and evolving optimal ownership/jurisdiction structures for investment into a particular jurisdiction which includes setting up an International Holding Company, Global Sales Company, etc.
  • Advising and assistance on entity structuring, capital structuring and regulatory approval process in a selected jurisdiction
  • Identifying and optimising tax and fiscal incentives including obtaining any tax rulings in a selected jurisdiction
  • Optimising / maximising tax credit and income deferral in India.

Expatriate Taxation - Employee related

  • Entry interview and initial tax registration
  • Registration with Foreign Regional Registration Office
  • Employee compensation structuring
  • Preparation and filing of annual tax return
  • Obtaining Income Tax Clearance Certificate
  • Advice and assistance concerning withholding tax compliance
  • Assistance in obtaining Tax deduction account Number
  • Withholding Tax Matters
  • Advise on withholding tax implications,
  • Deposit of tax withheld with revenue authorities,
  • Preparation of withholding tax certificates, if required
  • Preparation and filing of quarterly and annual returns of withholding tax.

Transfer Pricing:

  • Planning memorandum for transactions,
  • Benchmarking of transactions,
  • Advice and assistance in the compilation of prescribed documentation,
  • Representation before revenue authorities.

Merger & Acquisition:

  • Structuring the entire business transactions, including preparation of structured tax solutions tailored to meet business objectives
  • Assistance in finalizing / review of shareholders, joint ventures and other relevant business agreements from a tax efficiency perspective
  • Assistance in obtaining regulatory approvals of proposed transactions.

Indirect Taxes: (GST and Customs)

Advisory Services:

  • Transaction structuring to optimise indirect tax costs
  • Determination of classification (GST) and rate of applicable tax
  • Determination of taxability of goods and services
  • Advise on the availability of Cenvat credit
  • Advise on various exemptions/ concessions including export incentives
  • Preparation of indirect tax manuals/checklists
  • Advise on special transactions such as implications on import of technology/ software, sale/ purchase of second-hand assets etc.

Indirect Taxes: (GST and Customs)

Compliance services

  • Obtaining indirect tax registrations, approvals
  • Regular tax computations and return filings
  • Assistance in statutory compliance (maintenance of records, etc.)

Litigation Support/Assistance During Enquiries/Audits

  • Representation before assessing authorities
  • Assistance during a service tax audit
  • Assistance in obtaining Advance Rulings
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