Managing taxation and regulatory requirements is an important part of operating a business in India. Organisations need to address applicable tax obligations, maintain accurate financial information and respond appropriately to regulatory requirements.
ATMS & CO LLP provides professional support in Taxation & Company Law, assisting businesses with direct and indirect taxation matters, regulatory compliance and related advisory requirements.
Our Taxation Services in India cover Income Tax, tax scrutiny and representation, withholding tax, transfer pricing, Goods and Services Tax (GST), and matters relating to erstwhile VAT and Service Tax.
Our taxation services are organised into two key areas to address different business requirements.
Direct taxation involves tax obligations applicable to the income and transactions of businesses and other taxpayers. ATMS & CO LLP provides support across the following areas:
We assist with income tax matters, helping clients understand applicable requirements and address taxation-related obligations in accordance with relevant laws.
We assist with income tax matters, helping clients understand applicable requirements and address taxation-related obligations in accordance with relevant laws.
We provide support in matters relating to withholding tax, helping businesses understand applicable tax deduction requirements and their associated compliance responsibilities.
Transfer pricing is relevant to specified transactions between associated enterprises. Our team provides support on transfer pricing matters, considering applicable regulatory requirements and the nature of the transactions involved.These services form part of our direct taxation practice, including matters relevant to Corporate Tax Advisory Services.
Indirect taxation can affect business transactions, invoicing and statutory compliance. ATMS & CO LLP provides assistance with the following services:
Our GST Advisory Services address GST-related requirements and compliance matters applicable to business operations. We assist clients in understanding their GST obligations and dealing with relevant taxation concerns.
Although GST replaced many earlier indirect taxes, businesses may still need to address matters arising under previous VAT and Service Tax regimes. We provide assistance with relevant legacy taxation matters.
Taxation and Company Law requirements can influence financial reporting, regulatory compliance and business decisions.
ATMS & CO LLP provides professional services across taxation and related regulatory matters, with the objective of helping organisations understand and address their applicable obligations.
The specific scope of Company Law assistance should be discussed and confirmed with the firm based on the organisation’s requirements.
For information about the professionals associated with the firm, visit Our Team.
Taxation obligations often involve coordination between financial records, business transactions and statutory requirements. ATMS & CO LLP approaches taxation engagements with attention to the client’s business activities, applicable regulations and specific compliance concerns.Effective financial management involves more than meeting tax obligations.
Audit & Assurance Services support financial reporting and internal control assessments, while Business Consultancy Services address business planning, profitability and operational efficiency.
Understanding the taxation matter and its business context.
Reviewing relevant information and supporting documentation.
Identifying applicable taxation and compliance requirements.
Providing professional assistance within the agreed scope of engagement.
Supporting clients in dealing with relevant tax authorities where representation forms part of the service.
Business expansion can introduce additional tax obligations relating to income, transactions, employee payments and GST. Reviewing the tax implications of new locations, revenue streams and business activities helps companies identify applicable requirements, maintain appropriate records and plan compliance activities.
The company should examine the issues raised by the Income Tax Department, reconcile relevant financial and tax records, and prepare supporting explanations. Responding within prescribed deadlines and maintaining proper documentation are important when addressing scrutiny proceedings.
Incorrect GST classification, invoicing, input tax credit claims or return reporting may result in additional tax liabilities, interest, penalties or compliance notices, depending on the circumstances. Regular reconciliation of GST records with accounting information can help businesses identify discrepancies and address them promptly.
Companies should assess whether Tax Deducted at Source (TDS) applies to vendor payments, professional fees, contractual payments and other relevant expenses. The applicable deduction rates, thresholds, deposit timelines and reporting requirements depend on the nature of each transaction.
Companies undertaking international transactions with associated enterprises should evaluate whether their pricing complies with applicable arm's length requirements. Inadequate documentation or unsupported pricing arrangements may lead to tax adjustments, disputes or penalties. Reviewing intercompany transactions and maintaining appropriate records can help businesses manage these risks.
Tax regulations, compliance obligations and scrutiny proceedings require careful attention and informed decisions. Whether your business is addressing Income Tax requirements, GST compliance, withholding tax obligations or transfer pricing matters, ATMS & CO LLP provides professional support tailored to the nature of your tax and regulatory requirements.
Discuss your taxation requirements with experienced professionals.
We are the chartered accountant firm in Thane, India. We offer accounting, auditing & other compliance services to clients throughout india and across the globe.
201, Lotus IT Park, MIDC, Wagle Road #16, Thane, Maharashtra – 400604.