Taxation Services

Income Tax & Withholding Taxes

Income Tax including Wealth Tax and Withholding Tax (commonly referred to as TDS i.e. Tax Deducted at Source) are the direct taxes levied in India. The Indian Government in its quest to expand the tax base in India is dynamic on the tax front posing tax challenge to the taxpayers in India whether corporate or non-corporate having significant influence on business and investment decisions, be it with respect to domestic or international transactions.

We help meet the tax challenge in the complex business environment ensuring proper tax compliance coupled with optimizing the tax incidence through effective tax planning and structuring of the taxpayers and their transactions.

Our ambit of services in the direct taxation arena starts from initial tax registrations, day to day tax compliances, tax advisory to litigation support services with prime focus on ensuring proper tax compliance coupled with optimizing the tax incidence. The services are as under.

  • Obtaining registrations like permanent account number (PAN), tax deduction account number (TAN).
  • Structuring and planning of business transaction.
  • Business rearrangement/reorganization including mergers, demergers, acquisitions, etc.
  • Compensation Structuring.
  • Withholding tax advisory
  • Expatriate advisory services
  • Filing of tax returns of income tax, wealth tax, withholding tax and annual information
  • Assistance in obtaining tax clearance, lower or no withholding tax and remittance certificates
  • Representation before judicial authorities in assessments and appeals

We also render specialized services to Foreign Institutional Investor ('FII') Services as under.

  • Generation of remittance certificates
  • Computation of taxable income for short and long term gains
  • Computation of capital gains tax liability

VAT

Vat / Sales Tax are state level taxes levied on sales of goods (including computer software), work contract and hiring of goods. Since the introduction of VAT (Value Added Tax), compliance requirement have increased manifold and require expert services for maintenance of records and calculation of tax liability. AJA LLP provide following services for compliance with VAT / Sales Tax:


Vat Related Services

  • Pan India based VAT / CST Registration, Compliances and Audit.
  • Local (Maharashtra State) Registration with VAT / Sales Tax Authorities.
  • E-Filling of Periodical VAT / CST Returns and calculation of tax liability.
  • Assisting with various other VAT / Sales Tax compliances.
  • Procurement of Statutory Forms – C/E1/E2/H/F & I Forms.
  • VAT Planning and Advisory Services.
  • We represent our client in following vat related departmental assessments and audits.
Vat

Service Tax

Service tax is a central tax, which has been imposed on certain services and is the latest addition to the genus of indirect taxes like customs and central excise duty. Service Tax is collected by Central Excise Department.

Some of our services include:

  • Registration and Compliance
  • Compiling the data of CENVAT Credits for service tax.
  • Compiling and calculating the net service tax on output services after taking benefit of CENVAT Credits.
  • Preparing & Filing of Service Tax Returns.
  • Advising on the issues relating to Service tax.
  • Consultancy on the maintenance of prescribed records.
  • Tax Planning as regards the minimization of Service Tax Liability
  • Consultancy on Structuring of Transactions and Contracts
  • Consultancy on Service Tax implications on Cross Border Transactions
  • Representations and Assessments Litigation and Opinions
  • Compliance Services

Profession Tax

Profession Tax is levied on any "person" means any person who is engaged actively or otherwise in any profession, trade, calling or employment in the State of Maharashtra, and includes a Hindu undivided family, firm, company corporation or other corporate body, any society, club or association, so engaged, but does not include any person who earns wages on a casual basis.

Profession tax is also levied on all employees whether Government or any subsidy of State or Central Government and also employees of Private firms and organizations. "salary" or "wage" includes pay or wages, dearness allowance and all other remunerations received by any person on regular basis, whether payable in cash or kind, and also includes perquisites and profits in lieu of salary, as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form, and on any account or gratuity. This Profession Tax is deducted from employee’s salary and paid to the Government treasury.

We provide the following services in Profession Tax

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